Neighborhood Stabilization Program In 2008, the City of Charlotte was approved for $5,431,777 from the U.S. Department of Housing and Urban Development (HUD) through the Neighborhood Stabilization Program. The City has committed $1 million of these funds for down payment assistance and property rehabilitation. These funds are available to qualified buyers, in designated neighborhoods for [...]
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Plan doesn’t aid many distressed borrowers For lenders, foreclosing can be more profitable than giving customers a break on payments. By Renae Merle Washington Post Posted: Wednesday, Jul. 29, 2009 Government initiatives to stem the country’s mounting foreclosures are hampered because banks and other lenders in many cases have more financial incentive to let borrowers [...]
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Making Home Affordable Update: Foreclosure Alternatives and Home Price Decline Protection Incentives On Feb.18th the Obama Administration announced the Making Home Affordable (MHA) Program, a comprehensive plan to stabilize the US housing market and offer assistance to up to 7 to 9 million homeowners by reducing mortgage payments to affordable levels and preventing avoidable foreclosures.
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