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Tag Archives: Housing Counseling

California Groups Awarded $9.4M to Provide Foreclosure Help

Grant funds secured through the national mortgage settlement will be used to provide a wide range of assistance to California homeowners impacted by the state's foreclosure crisis. California Attorney General Kamala D. Harris announced 21 organizations were awarded funds through a $9.4 million grant.

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HUD Secretary Speaks on Impact of Automatic Spending Cuts

In his written testimony before the Senate Committee on Appropriations, HUD Secretary Shaun Donovan spoke on the potential impact to households across the nation if across-the-board automatic spending cuts were to take effect. The cuts are scheduled for March 1. Speaking from HUD's perspective, Donovan says the cuts, also referred to as the sequester, would be especially damaging on middle class families, communities, and the economy across the nation. More specifically, he warned the cuts would keep 75,000 households from receiving foreclosure prevention, pre-purchase, rental, or other counseling though HUD housing counseling grants.

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MortgageKeeper Collaborates with Family Credit Management

MortgageKeeper Referral Services announced Tuesday that it will begin working with Family Credit Management to help its counselors connect consumers to vetted community services via MortgageKeeper's MKDesktop product. Family Credit Management is a nonprofit consumer credit and housing counseling agency licensed in over 20 states. It's counselors will now have Web-based access to MortgageKeeper's nationwide database of more than 6,500 nonprofit and government services.

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HOPE NOW Reports 385K Loan Mods in First Half of 2012

The first half of 2012 saw more than 385,000 permanent loan modifications for struggling homeowners, HOPE NOW reported Tuesday. The voluntary, private sector alliance of mortgage professionals and non-profit counselors released its June 2012 data, showing that 385,468 homeowners received permanent loan modifications for the first half of the year.

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CitiMortgage Starts ‘Road to Recovery’ Tour to Assist Service Members

CitiMortgage announced Thursday the launch of its proprietary ""Citi Military Road to Recovery Tour"" designed to help current and former Armed Services members who need assistance with their mortgages. The tour will feature five homeowner-support events near military bases all around the United States. At these events, Citi's Homeowner Support Travel Team of mortgage experts and HUD-approved housing counselors will have individualized discussions with both current service members and veterans.

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InCharge Partners with NeighborhoodLIFT in Orlando

InCharge Debt Solutions announced Monday it is teaming up with Wells Fargo, the city of Orlando, and Neighborworks America in a program that will provide down payment assistance grants of up to $15,000 to qualified Orlando home buyers.

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NFMC Clients Nearly Twice as Likely to Receive Mod, 1.3M Counseled

Through National Foreclosure Mitigation Counseling (NFMC), more than 1.3 million homeowners have received foreclosure prevention counseling by local nonprofits and state housing finance agencies since March 2008, NeighborWorks America announced Monday. So far, the NFMC has also received six appropriations from Congress totaling $619.87 million. According to a report, NFMC clients who had their payments modified saved an average of $176 more per month, and those who received help were nearly twice as likely to obtain a modification.

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Foreclosure Counseling Agencies to Receive $73.8M

NeighborWorks America announced $73.8 million in awards for foreclosure counseling efforts this week, which followed HUD's recent revelation of $42 million to support housing counselors. This latest round of funding will go to 32 state agencies, 18 HUD-approved intermediaries, and 86 community-based NeighborWorks organizations to provide counseling to those facing foreclosure. About 190,000 homeowners are expected to receive help. NeighborWorks also expects to train more than 2,000 counselors with what is now the sixth round of its program funding.

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HUD Grants $42M to Housing Counselors

HUD Secretary Shaun Donovan announced Friday the distribution of $42 million in grants to 468 housing counseling agencies nationwide. In his announcement Friday, Donovan called housing counseling programs nothing less than indispensable. After national funding for housing counseling was cut last year, Donovan said, ""We fought hard to persuade Congress to restore funding for housing counseling in HUD's budget and now we're working to make these important resources available as quickly as possible.""

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