HUD to Sell REO Properties at Discounted Rates to NSP Grantees

By: Brittany Dunn A new initiative announced Monday by HUD will give state and local governments and nonprofit organizations participating in the department’s Neighborhood Stabilization Program (NSP) preference to acquire homes from its inventory of foreclosed properties at discounted rates. Touted as the “First Look” initiative, this temporary program will align NSP and Federal Housing […]

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Florida Reps. Introduce Bill to Protect Gulf Residents from Foreclosure

By: Brittany Dunn U.S. Reps. Jeff Miller (R-Florida) and Adam Putnam (R-Florida) have introduced legislation to provide mortgage forbearance to homeowners in the areas affected by the BP oil spill. “People in Northwest Florida are already dealing with the impact of oil on their shores and are worried about the long-term economic and environmental impact […]

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NeighborWorks Awards $59.5 Million for Foreclosure Counseling

Just four months after the fourth round of National Foreclosure Mitigation Counseling (NFMC) Program funds were appropriated, $59.5 million has been awarded to 35 state housing financing agencies (HFAs), 15 HUD-approved housing counseling intermediaries, and 81 community-based NeighborWorks organizations to provide counseling to homeowners facing foreclosure, according to a recent announcement by Washington, D.C.-based NeighborWorks […]

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