Fannie Mae delays foreclosures 45 days for Hardest Hit Fund programs

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"Hardest Hit Fund" to Help Struggling Homeowners Spent Millions on Parties, Bonuses, Cars AUGUST 31, 2017 A multi-billion-dollar government program launched by Obama to help families hit by the housing crisis squandered millions on parties, employee bonuses, cars, and superfluous data storage. The program is known as Hardest Hit Fund and operates under the Treasury Department, which does.

The result is a record state-federal settlement that will deliver wide, but not. extend $2,000 payments to borrowers who lost their homes to foreclosure.. in some of the most abusive practices of the mortgage industry and begin to. california attorney General Kamala Harris had pulled out of the talks in.

 · You could be eligible for this Down Payment Assistance! The $15,000 Florida Hardest Hit Fund Down Payment Assistance (HHF-DPA) is now offered to all first time homebuyers in the three tampa bay counties: hillsborough, Pasco and Pinellas counties. This is administered by the Florida Housing Finance Corp.

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Fannie Mae has issued a notice to its servicers, instructing them to postpone foreclosure proceedings for unemployed homeowners who are receiving financial help through Hardest-Hit Fund programs run by state housing finance agencies. According to the GSE’s newly released directive, if a housing finance agency (HFA) notifies a servicer that a borrower has been approved for assistance, the.

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Freddie Mac: Servicers Need to Diversify Foreclosure, Bankruptcy referrals mortgage broker University park texas fannie mae delays foreclosures 45 days for Hardest Hit Fund programs

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Over 90 HFAs across 45 states are participating.. $2.1 billion HFA Innovation Fund for the Hardest Hit Housing Markets to support innovative foreclosure prevention efforts. Mortgage Rates.. Sources: Fannie Mae; monthly survey of participating servicers for.

Fannie Mae directed its mortgage servicers to delay scheduled foreclosure sales 45 days for borrowers that have been approved for assistance through the Hardest Hit Fund. In June, the Obama.