Mary Lynne Vellinga writer for the Sacramento Bee Newspaper states in an article Octover 17, 2008:
The federal government soon will send Sacramento city and county nearly $32 million to help fix up foreclosed properties — a tool to prevent deterioration in neighborhoods hard hit by the housing crisis.
Sacramento received one of the largest allocations in [...]
Continue reading about Sacramento to get millions for housing bailout
http://www.hud.gov/hopeforhomeowners/consumerfactsheet.cfm
What is the HOPE for Homeowners Program?
This is a new program for borrowers at risk of default and foreclosure. The program provides new, 30-year, fixed rate mortgages that are insured by the Federal Housing Administration (FHA).
It may help you refinance your mortgage into a more affordable payment.
H4H is voluntary. Both lender(s) and borrower(s) must agree [...]
Continue reading about Basic Consumer Facts about the HOPE for Homeowners Program
http://www.hopeforhomeownersprogram.org/
Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today announced his intention to introduce legislation that will create a new program within the Federal Housing Administration (FHA) to provide aid to distressed borrowers currently trapped in mortgages they cannot afford. Under the “HOPE for Homeowners Act of 2008,” [...]
Bill Wasserman writes today in the Sacramento Bee Newspaper:
The provisions for struggling homeowners in the Wall Street rescue bill signed into law Friday are largely voluntary and not enough to curb foreclosures in regions such as Sacramento, some analysts say.
The bill authorizes the government to buy $700 billion in mortgage-backed securities tied to poorly performing [...]
Continue reading about Rescue bill won’t curb Sacramento foreclosures, experts say