Neighborhood Stabilization    Stories 1 to 25 of 37  (click headline for the complete story)

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1:   (HFA) Treasury Offers States $2 Billion from Hardest Hit Fund to Prevent Foreclosures : Treasury officials provide eligible states with shares of $2 billion through its Housing Finance Agency's (HFA) Hardest Hit Fund in another attempt to halt foreclosures nationwide. The HFA Innovation Fund for the Hardest Hit Housing Markets began in... 08/11/2010 2:10 PM

2:   (HUD) FHA Readies Offering Mortgage Insurance Packages to Non-FHA Borrowers : The Federal Housing Administration (FHA) is set to begin offering some non-FHA borrowers current on their mortgages the chance to qualify for a new FHA-backed mortgage provided that lenders agree to a principal reduction. The effort -- announced in ... 08/09/2010 2:09 PM

3:   (GRANTS) Counseling, State Housing Finance Agencies Compete for $79 Million in HUD Funds : HUD makes $79 million in housing counseling funding available to hundreds of HUD-approved counseling agencies and state housing finance agencies nationwide. The effort is the latest move in HUD's attempt to help families prevent having to lose their... 07/27/2010 4:47 PM

4:   (BAD LOANS) TARP Monitor Slams HAMP Mortgage Modification Program : Mortgage rescue programs initiated by the Obama administration have been ineffective at preventing a rise in home foreclosures even as the federal government's support for the rescue has grown by almost $700 billion in the past year, the bailout's ch... 07/23/2010 4:43 PM

5:   (STATES) Hardest Hit Program Inquiries Flood MI State Phone Banks : Calls from tens of thousands of Michigan homeowners looking for help in avoiding foreclosure blew out the phone banks in several state offices when the state's Hardest Hit Fund Program started, state officials say. The Hardest Hit Program funded by ... 07/21/2010 1:48 PM

6:   (MODIFICATIONS) HAMP Trial Cancellation Rates Remain Well Above June Permanent Modifications : The rate of trial modification cancellations in the Treasury Dept.'s Housing Affordable Modification Program (HAMP) remains nearly 45% larger than the active permanent modifications. HUD and Treasury Dept. officials released their June data for the ... 07/20/2010 2:20 PM

7:   (HOUSING) HUD Looking to Sell Cuyahoga County FHA Foreclosed Homes at Cut Rate : HUD continues to try to boost Neighborhood Stabilization Program (NSP) efforts in one of the nation's hardest-hit areas by selling foreclosed single-family homes held by the Federal Housing Administration to the Cuyahoga County Land Reutilization Cor... 07/06/2010 2:43 PM

8:   (TREASURY) Oversight Panel Rails at Geithner over Latest HAMP Data : One day after HUD and the Treasury Dept. released the latest federal housing program numbers, the Congressional Oversight Panel monitoring the Troubled Assets Relief Program (TARP) and related efforts showed its displeasure with the data and asked wh... 06/22/2010 6:47 PM

9:   (HAMP) HUD Paints Broader, Rosier Picture of Foreclosure Prevention, Housing Efforts : Despite some troubling data in its lead program, HUD officials say the federal government's success must be judged by results in other federal programs -- and help from servicers -- to stabilize national foreclosure rates and housing markets. The in... 06/21/2010 4:39 PM

10:   (CONTRACTS) M&M Program Splits Contracts Awards for Preservation, Resale of FHA Inventory : HUD takes another step toward reducing the cost of reselling Federal Housing Agency foreclosed home inventory by separating preservation and resale marketing duties of asset managers and field service managers gaining contracts in the latest iteratio... 06/14/2010 4:32 PM

11:   (GRANTS) Nonprofits to Compete for Parts of $1 Million in Housing Counseling Grants : Nonprofits participating in the National Foreclosure Mitigation Counseling Program (NFMC) are eligible to receive portions of $1 million from NeighborWorks America toward boosting housing counseling capacity in order to help at-risk homeowners avoid ... 05/28/2010 12:29 PM

12:   (HUD) FHA Allowing Buyers of Flipped Properties to Gain Insurance : HUD and the Federal Housing Administration are waiving through next Feb. 1 rules prohibiting FHA from insuring properties resold within 90 days of purchase. The move is part of an effort to speed redevelopment of affordable housing in foreclosed and ... 05/27/2010 5:18 PM

13:   (FORECLOSURES) HOPE for Homeowners Program Making Slow Progress : (CD Publications) -- A year after the Obama administration launched its mortgage modification program under an expansion of the 2008 HOPE For Homeowners program, only $242 million has been spent on the effort out of the $75 billion authorized. HOPE ... 05/14/2010 1:22 PM

14:   (REPORT) Groups Offer Ways to Keep Unstable Neighborhoods from Predatory Investor Buys : A new report written by poverty, research and housing groups says cities can use a combination of strategies to keep neighborhoods with high foreclosure rates from being bought back by predatory investors that let them deteriorate further. The April... 05/11/2010 2:23 PM

15:   (OHIO) HUD Probing Cleveland Home Loan Program : Cleveland, OH officials are scrambling to determine why home loans overseen by the city's Community Development Dept. (CDD) have inordinate foreclosure rates, costing the city millions of dollars. HUD has opened an investigation into the CDD and a p... 05/07/2010 5:07 PM

16:   (GRANTS) Promise Neighborhood Program Offers Grants to Aid Education, Fight Poverty : As many as 20 organizations will receive one-year planning grant awards of up to $500,000 each as the Obama administration starts its highly touted Promise Neighborhood Program (PNP). The Education Department is in charge of the program, which is of... 04/30/2010 2:02 PM

17:   (MODIFICATIONS) SIGTARP Head Critical of Treasury Changes to Mortgage Modification Plan : The Obama administration's latest revisions to the Treasury Department's home mortgage modification program for at-risk homeowners could help address program flaws, but was rushed into action with incentives that may not work, while containing potent... 04/21/2010 12:20 PM

18:   (HAMP) Mortgage Modifications Increasing, But Access Getting Tougher : The Treasury Dept.'s Home Affordable Modification Program (HAMP) continues to tread water as its efforts to increase permanent loan modifications -- more than one-quarter of the program total occurring in March -- are being offset by a jump in cancel... 04/15/2010 5 PM

19:   (RULES) HUD Moves to Help Communities Meet NSP-1 Obligation Deadlines : HUD officials make it easier for communities to buy, rehabilitate and sell properties under the Neighborhood Stabilization Program (NSP), helping communities that receive money under the first round of the program meet obligation deadlines. HUD's NS... 04/02/2010 2:11 PM

20:   (FORECLOSURES) Ohio Backs HAMP Expansion; Mortgage Bankers Say Servicers Should Decide Participation : The Obama administration's expansion of the Home Affordable Modification Program (HAMP) to allow mortgage write downs to prevent housing foreclosures is drawing a positive reaction from one of the states hardest hit by foreclosures, but a leading mor... 03/26/2010 5:53 PM

21:   (TREASURY) HAMP Faces Challenges After Making Limited Progress, GAO Says : The Obama administration's primary foreclosure prevention weapon has made only limited progress and faces challenges ahead -- including achieving program stability -- according to a new report by the Government Accountability Office (GAO). The GAO'... 03/26/2010 5:13 PM

22:   (TREASURY) Official Says HAMP Trial Mortgage Backlog to Ease by June : A Treasury Dept. official running the agency's mortgage modification program says the current backlog of homeowners waiting to see if they have permanent payment reductions will be mostly eliminated eased by June. Herbert Allison, Treasury's assista... 03/26/2010 09:57 AM

23:   (STATES) OH State Lawmakers Moving Land Bank Creation Bill : Ohio state senators are close to sending legislation to the governor that could help the state's larger jurisdictions stem the ever-increasing tide of foreclosures in the state by allowing them to establish land banks. H.B. 313 has cleared the House... 03/17/2010 6:28 PM

24:   (FORECLOSURES) Appraisers Seek Tighter Rules in Upcoming Treasury Foreclosure Prevention Plan : Appraisers groups and real estate valuation professionals are arguing over whether the Obama administration's latest effort to boost short sales of at-risk mortgages in Home Affordable Foreclosure Alternative (HAFA) has proper safeguards against wast... 03/12/2010 1:28 PM

25:   (HOUSING) NLIHC Says Latest Effort to Aid Foreclosures Too Limited : President Obama's new plan to provide a $1.5 billion formula investment in housing finance agencies in five states hardest-hit by the foreclosure crisis is drawing some criticism from housing advocates who say it is too limited in scope. The proposa... 02/22/2010 1:42 PM

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