Posts tagged as:

HUD

HUD.gov website now DisasterHousing.gov

by Moe Bedard

I was doing some research on loan modifications tonight and went to the HUD.gov website for info I needed. To my amazement, I was redirected from Hud.gov to DisasterHousing.gov. This new website looks similar, but with a new smorgasbord of choices from refinancing your home, saving your home from foreclosure or buying a home from HUD.

http://www.disasterhousing.gov/
This new domain [...]

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Overpromising and Underdelivering?

by Moe Bedard

By Moe Bedard
Yesterday’s Hartford Courant ran a story about HUD Secretary Shaun Donovan’s efforts to ascertain for himself the state of the housing crisis around the country and what he’s doing to change the status quo. Apparently, Secretary Donovan thinks there ought to be yet another solution to the housing crisis that would magically preserve the [...]

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Congresswoman Maxine Waters Hosts HUD Secretary

by Moe Bedard

Washington, DC – Congresswoman Maxine Waters (CA-35), who chairs the Housing and Community Opportunity Subcommittee and has been a leader of foreclosure prevention efforts, joined Shaun Donovan, the Secretary of Housing and Urban Development (HUD) during his visit to Los Angeles today for a tour of several foreclosed properties in South Los Angeles. 

The purpose of [...]

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HUD Approved Foreclosure Avoidance Counseling

by Moe Bedard

By Kenneth M. Corioso
A great deal of effort has gone in to writing articles about how to avoid becoming one of the thousands of victims of foreclosure consulting fraud. Thousands of loan modification firms have set up shop across the United States; some operating legally and others operating illegally. While I believe using an attorney [...]

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HUD Secretary Donovan Speaks on the Obama Housing Plan

by Moe Bedard

SHAUN DONOVAN, HUD SECRETARY: We’re going to target those borrowers that are most at risk of foreclosure through our modification plan, helping to bring payments down to 31 percent of their income for three to four million borrowers. We’re going to target that in a way that first of all, no speculators, no investor-owners are [...]

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Fight Your Mortgage Servicer With This Knock Out Punch

by Moe Bedard

The facts are that the mortgage servicing arena is fraught with what I call “mortgage disservice.” Fee gouging and borrower abuse seem to be the typical MO’s of many servicing companies and with our current mortgage and housing crisis in full , this is a perfect opportunity for servicing companies to rake in massive fees [...]

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Is your lender charging you for questionable fees? Fight back against predatory fees!

by Moe Bedard

By Moe Bedard
“Mr. Jones, you owe $12,327 to stop foreclosure on your home and bring your mortgage current.” The lender’s collections employee says to Mr. Homeowner Jones that is desperately trying to save his home of 27 years.
Mr. Jones does not question these fees. Hell, he’s the one that is late and in foreclosure. He’s the [...]

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The FHA Secure Bait and Switch – FHA Clearly Violates Truth in Advertising Laws

by Moe Bedard

By Moe Bedard 
“Thousands Have Switched to FHASecure to Keep Their Homes - Why Not You?” – FHA Website
“only 266 such borrowers have cleared all FHA hurdles, according to data compiled by the Department of Housing and Urban Development that was provided to Reuters” – Reuters
“In only the first 4 months of FHASecure, more than 40,000 households [...]

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The FHA Secure Flop and The No Hope Now Plan = 2 Strikes for the Bush Administration

by Moe Bedard

In only the first 4 months of FHASecure, more than 40,000 households have refinanced under the new housing insurance program to protect their families’ investment in the American Dream.  Announced by President Bush on August 31, 2007, along with HUD Secretary Jackson and Treasury Secretary Paulson, FHASecure is already helping thousands of American families, faced [...]

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FHA Secure Flop. Only 266 Borrowers Have Been Assisted!

by Moe Bedard

By Moe Bedard and Aaron Krowne

It has been 4 months since President Bush announced a new refinancing program called the FHA Secure. This new refinancing product was touted as a foreclosure prevention device and viable alternative to homeowners stuck in adjustable rate mortgages as a way “out” of their toxic loan and into a 30 [...]

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