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Funding opportunities for Chinese drywall homeowners may be coming soon
13 hours ago ago from Insurance Dispute Lawyer Blog
The Palm Beach Post reports The U.S. Department of Housing and Urban Development will soon issue guidelines on how homeowners with defective drywall can apply for federal money, according to a letter sent to U.S. Sen. Bill Nelson of Florida. Department secretary Shaun Donovan had previously suggested during a trip to Florida that homeowners may be able to find funding under the Community Development Block Grant program. However, when ...
Related contentChinese Drywall in the News | Chinese Drywall Attorney Blog | Injury Lawyer
13 hours ago ago from Chinese Drywall Attorney Blog | Injury Lawyer
The past week was a busy one in the world of Chinese drywall . Day after day more and more news stories are released to the public. Although some of them may seem repetitive, it is important that consumers all over the United States are made aware of just how big this problem has become. Here are several of the most recent Chinese drywall news stories : 1. The Chinese Drywall Complaint Center Urges Homeowners in Florida, Louisiana, ...
Related contentHow a Bi-Weekly Mortgage Works
15 hours ago ago from Real Estate Information
In a bi-weekly mortgage, one half of a monthly payment is paid every two weeks. That means that in a year with 52 weeks, 26 bi-weekly installments are made. If each of those installments is one half of a monthly payment, 13 monthly payments have been made in 12 months, with that extra month being applied directly toward the principal. That is to say that, in just 12 years of paying on a loan, a homeowner will have made a year's worth of ...
Related contentGhetto Finance 12/15/09 #2: Awesome mortgage mod performance
7 hours ago ago from The Cross Pollinator
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3O_LxtUTnvk&pos=3 Through November, U.S. lenders permanently modified 31,382 of as many as 4 million mortgages targeted by the Home Affordable program, the Treasury said Dec. 10. As many as half of “at-risk” homeowners have second mortgages, the department said in April. Me: Why aren't more mortgages being modified? Because banks lose money when modifications occur, and they're ...
Related contentNew federal program may pay mortgages directly, prop up housing market
12 hours ago ago from directinvestornews.com
A part of the House financial industry reform bill would allot $3 billion to pay struggling homeowners' mortgages in an effort to keep people in their homes and support the housing market. The Homeowners Emergency Mortgage Assistance provision, as it is called, was introduced by U.S. Representative Chaka Fattah, a Pennsylvania Democrat. HEMA has worked in the Keystone State, Fattah said late last week, adding that there is no reason why ...
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