Adjustable Rate Mortgage Blog October Archive

Foreclosure Problems

10/11/08 21:47

The U.S. Department of Housing and Urban Development launched two new federal foreclosure relief program that will help the home mortgage crisis. Over $3.92 billion was allocated for its 'Neighborhood Stabilization Program'.

The other program called 'The Hope for Homeowners' is a three year initiative that will refinance qualifying candidates their mortgages and will be insured by the Federal Housing Administration at a fixed rate for 30 years.

Link: SouthCoastToday.com: Federal programs will help New Bedford fight foreclosures

Tags: foreclosures • neighborhood stabilization program • the hope for homeowners • foreclosure relief •
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