Chase Homeownership Center now open in Dallas:
The Chase Homeownership Centers are a key element in
Chase Bank's effort to help famlies prevent foreclosure
and remain in their homes. On January 14, 2010, Chase
opened its newest Homeownership Center in Dallas, TX.
This center provides Chase, Washington Mutual and EMC
mortgage customers with the opportunity to meet
face-to-face with trained advisors to discuss their
individual situation and work towards a potential
solution. Additional information is available at the
following link.
Chase Homeownership Center.
Assistance for households with existing Veterans
Administration (VA) home loans: A new initiative effective
2/1/10 encourages loan servicers to work with homeowners with
existing VA loans. For more information, please following the
following link.
VA Making Home Affordable.
Making Homeownership Affordable and avoiding fraud:
The Making Homeownership Affordable Program is designed to help
households modify their existing mortgages to more affordable
terms, and help consumers avoid mortgage scams and unnecessary
fees.
Making Homeownership Affordable Program
Pre-Foreclosure Sale Program: The Pre-Foreclosure Sale
(PFS) Program has helped thousands of mortgagors in default to
avoid foreclosure and transition to more affordable housing. The
PFS Program can help many families who today are facing
foreclosure. This loss mitigation option allows a mortgagor in
default to sell his or her home and use the sale proceeds in
satisfaction of the mortgage debt when the proceeds are less
than the amount owed. Contact your lender to determine if this
option can assist you. HUD Mortgage Letter 2008-43 provides
additional information about this program.
HUD ML 2008-43 PFS Program
Steamlined Loan Modification Program: The US Treasury
Department, the Department of Housing and Urban Development, and
the Federal Housing Finance Agency have created a new
streamlined loan modification program. This is an additional
resource for families that are behind in their mortgage payments
to help them avoid foreclosure.
Read more
HOPE FOR HOMEOWNERS
The Hope for Homeowners (H4H) program is a new mortgage
program and loss mitigation option to keep borrowers in
their homes with sustainable and affordable, fixed rate
mortgage terms. You do not have to be behind in your
mortgage to be eligible for this refinancing option.For
additional information:
Basic Consumer Facts about the HOPE for Homeowners Program -
HUD
HOPE for Homeowners Frequently Asked Questions for Consumers
- HUD
To find an FHA lender, visit the FHA website at:
Find an FHA Lender
Find a HUD approved housing counselor:
HUD Approved Housing Counseling Agencies
Business Community Lenders of Texas
– Through its Dallas homeownership center, Business &
Community Lenders of Texas, a NeighborWorks member
organization, offers free resources including pre- and post-
purchase homeowner counseling, and assistance with
negotiations with lenders to avoid foreclosure. Contact
Business & Community Lenders of Texas at 1-877-688-7457.
Tarrant County Housing Partnership, Inc. (TCHP)
– TCHP is a HUD approved housing counseling agency,
providing no cost mediation assistance between homeowners
and mortgage companies. TCHP also provides numerous
affordable housing opportunities in the City of Arlington.
TCHP can be contacted at (817) 924-5091 or through their web
site.
Housing Opportunities of Fort Worth – Housing
Opportunities of Fort Worth offers housing counseling and
negotiations with mortgage lenders. Services are offered at
no charge by HUD approved housing counselors. Contact
Housing Opportunities of Fort Worth at (817) 923-9192.
Federal Reserve Bank - Dallas: Foreclosure Resource Center
- The Dallas FRB maintains a foreclosure resource center for
consumers, lenders, and other community partners.
Information includes resources for consumers, upcoming
events and conferences, as well as policy and regulatory
updates.
Alternatives
to foreclosure (pdf)
HOPENOW.com
HOPE NOW provides outreach, counseling and assistance to homeowners
who have fallen behind on their mortgages. Call HOPE NOW at
1-888-995-HOPE (4673) or visit their web site at the link above.
There are no fees involved with the services provided through HOPE
NOW.
Protect
your investment (pdf)
HUD ML 2008-41 Termination of FHASecure
While FHA will retain its standard rate-and-term refinance
program for borrowers who are current on their existing
mortgages, the FHASecure program under which FHA was able to
insure refinance transactions for borrows delinquent on their
mortgages, will terminate on December 31, 2008, as per FHA’s
initial guidance.
Institute for Foreclosure Legal Assistance Information for
borrowers on a wide range of topics including avoiding foreclosure,
debt cancellation, exploring your options, and finding legal
assistance is available through the Institute for Foreclosure Legal
Assistance.
Home Loan Resource Center The Home Loan Resource Center provides
consumer information about credit counseling, money basics, owning
versus renting and a complete Foreclosure Prevention Resource
Center.
HUD Approved Housing Counselors Free help is available from HUD
Approved Housing Counselors. The best time to act is before you are
behind in your mortgage payments. This link will help you find a HUD
Approved Housing Counselor near you.
Neighborhood
Assistance Corporation of America – This is an additional
resource with programs available to help homeowners stay in their
homes, work directly with their loan servicers for workout programs
and to find HUD approved housing counselors for assistance.
HOPE FOR HOMEOWNERS
The Hope for Homeowners (H4H) program is a new mortgage
program and loss mitigation option to keep borrowers in their
homes with sustainable and affordable, fixed rate mortgage
terms.
Basic Facts for Lenders about the HOPE for Homeowners Program -
HUD
HOPE for Homeowners Frequently Asked Questions for the Housing
Industry - HUD
HUD/FHA Training opportunities are available for lenders to
learn more about Hope For Homeowners and other loss mitigation
tools.
Please visit:
HUD FHA Single Family Housing - Events and Training
HOPE for Homeowners Mortgagee Letter 2008-30
For information about treble damages for failure to engage in
loss mitigation,
visit HUD’s Mortgagee Letters page
NeighborWorks America NeighborWorks America and its
network of local organizations have been at the forefront of efforts
to preserve homeownership and sustain communities in the face of
rising foreclosures. Their National Foreclosure Mitigation
Counseling Program provides training to increase the number of HUD
approved housing counselors available to help homeowners in need.
Institute for Foreclosure Legal Assistance This
organization provides funding and training to organizations that
help homeowners negotiate alternatives to foreclosure. Proposals are
currently being accepted for grant funding.
National Community Reinvestment Corporation (NCRC) The
NCRC is an association of community-based organizations promoting
access to basic banking services in an effort to build vibrant
communities for American’s working families.
Federal Reserve Bank - Dallas: Foreclosure Resource Center
- The Dallas FRB maintains a foreclosure resource center for
consumers, lenders, and other community partners. Information
includes resources for consumers, upcoming events and
conferences, as well as policy and regulatory updates.
