Emergency Program to Assist 30,000 Foreclosure Risk Owners

Dymi, Amilda
September 2011
Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p6
The article reports on the move of the U.S. Department of Housing and Urban Development (USDHUD) to collaborate with nonprofit credit counseling agencies to bring its Emergency Homeowners Loan Program and help distressed homeowners in New York. The program is mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act that provides one billion in emergency loans to assist homeowners at risk of foreclosure. It outlines the criteria for homeowners to qualify in the program.


Related Articles

  • Saving the California Homeowner Bill of Rights from Federal Banking Preemption. KOO, JEREMY F. // University of San Francisco Law Review;Summer2013, Vol. 48 Issue 1, p189 

    The article focuses on the federal preemption standards for the federal chartered banks under the Dodd-Frank's Act. Topics discussed include California Homeowner Bill of Rights, reforms in the preemption and case laws of federal banking and mortgage crisis. It also discusses the Home Owners'...

  • Subprime Makes a Comeback, Despite Dodd-Frank's Impediments. Ornstein, Stephen // Nationalmortgagenews.com;11/23/2015, p3 

    The article focuses on the impact of the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 on the qualified mortgage and risk-retention rules and mentions that it has reversed a decades-long federal mandate of increasing residential home ownership.

  • Between a Rock and a Hard Place. Tull, Mel // Virginia Banking;May/Jun2013, p10 

    The article offers information on a new rule issued by the U.S. Department of Housing (HUD) which is related to the Fair Housing Act (FHA). According to the rule, lenders will be liable for the impact of neutral underwriting practices inspite of the absence of discriminatory intent. It states...

  • DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.  // Federal Register (National Archives & Records Service, Office of;11/6/2013, Vol. 78 Issue 215, p66670 

    The article offers information on the notice issued by the U.S. Department of Housing and Urban Development (HUD) as of November 6, 2013. It states that the HUD invites comment on proposed changes to the Housing Counseling Program regulations for implementing Dodd-Frank Wall Street Reform and...

  • HUD Releases 'Qualified Mortgage' Definition.  // Chicago Citizen - Chatham Southeast Edition;1/1/2014, Vol. 48 Issue 41, p4 

    The article discusses a rule released by the U.S. Department of Housing and Urban Development (HUD) in December 2013 related to the definition of qualified mortgage (QM) that would be effective from January 10, 2014. Topics discussed include the Dodd-Frank Wall Street Reform and Consumer...

  • Should Mortgage Servicing Data Be More Available to the Public? Ulam, Alex // National Mortgage News;5/23/2011, Vol. 35 Issue 34, p21 

    The article presents an analysis regarding the availability of mortgage servicing data to the public in the U.S. It provides an overview of the Section 1447 of the Dodd-Frank law which calls for the Department of Housing and Urban Development to establish and maintain a comprehensive national...

  • Disability Income Verification Rule Awareness Grows. Sinnock, Bonnie // National Mortgage News;10/6/2014, Vol. 39 Issue 3, p1 

    The article discusses the use of borrower's medical documents to verify or single out borrowers with disability income during mortgage underwriting and its impact on the compliance concerns by the lender. Topics discussed include threat to protect consumers' privacy and fair lending regulation,...

  • Negative Equity 'Vulnerable' To Downpayment Proposal. Dymi, Amilda // National Mortgage News;3/21/2011, Vol. 35 Issue 25, p6 

    The article focuses on the report from CoreLogic on the challenges created by the qualified residential mortgage's (QRM) 20% downpayment feature under the Dodd-Frank Act. The report showed that 27.9 percent of U.S. homeowners with negative equity mortgages are susceptible to the 20 percent...

  • The Future of Wealth. GRAY, STEVEN // Ebony;Jul2013, Vol. 68 Issue 9, p23 

    The article discusses the potential impact of U.S. housing market regulations on the ability of African Americans to own homes as of July 2013. Topics include a financial crisis of the 2000s, mortgages, wealth-building strategies, and the Dodd-Frank Wall Street Reform and Consumer Protection Act...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics