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National Black Church Initiative Foreclosure Prevention Guide
This user-friendly booklet is designed to provide congregants and the public with critical and helpful information on how to keep their home. The booklet will consist of a list of government-based agencies and private lenders that can assist at risk borrowers.
This step-by-step guide will also help them to identify resources in the housing industry that have been created for the explicit purpose of assisting homeowners who are touched by the current difficulties. The booklet contains websites, phone numbers, lists of individuals and institutions that can help borrowers navigate through this housing turbulence.
Order this booklet for the residents of your state, county or city now!
Call 1-202-744-0184
NCRC Home Affordable Modification Program Survey 2010
Within two weeks of taking office, the Obama administration announced the Making Home Affordable Program as part of a
comprehensive strategy to stabilize the U.S. housing market. This public-private partnership combines the Home Affordable Refinance
Program ("HARP") and the Home Affordable Modification Program ("HAMP") in an effort to increase the number of sustainable
mortgage modifications.
The NCRC HAMP Mortgage Modification Survey is one of the first concerted efforts to both understand the effectiveness of the
Home Affordable Modification Program and to document the experiences of homeowners throughout the modification process.
Foreclosure in the Nation's Capital: How Unfair and Reckless Lending Undermines Homeownership
Like the foreclosure crisis nationwide, the DC crisis has been driven by subprime and nontraditional lending. Subsequently, neighborhood decay accelerates, due to loss of property
tax revenue, decline of home values, and increased crime and vandalism. The importance of these transformations can hardly
be overstated; as the latest report from Pew's Economic Mobility Project indicates, neighborhood conditions are the strongest
predictor of adults' upward or downward economic mobility.
This paper focuses on two major issues outlined above. First, it focuses on potential disparities in subprime lending that are not explained by borrowers' financial qualifications or housing market characteristics. Then, the paper turns its attention
to the impact of such lending disparities, among other factors, on foreclosure outcomes.
Foreclosure Rescue Scams: A Nightmare Complicating the American Dream
Each year counselors within the National Community Reinvestment Coalition (NCRC) Housing Counseling Network assist thousands
of consumers. US Department of Housing and Urban Development certified housing counselors understand that for each
and every family we counsel, the possibility of losing their home to foreclosure is real and terrifying. However, the reality
that scam artists are preying on the vulnerability of desperate homeowners is equally frightening.
This report identifies common scams perpetrated against consumers, including phantom help, reverse mortgages, title theft, and
short sale fraud, and highlights those important red flags that every homeowner must know. In addition, NCRC's findings demonstrate
that an aggressive legislative solution and added public and private oversights and enforcement is necessary to prevent consumers
from being harmed.
Opening the Door to a Home of Your Own
If you're like most Americans, owning your own home is a major part of the American dream. The Fannie Mae Foundation wants to help you understand the steps you have to follow to reach that dream. Homeownership is a big responsibility, one that you will need to accept for many years to come. It's worth the effort, and the Fannie Mae Foundation can help.
You may not be familiar with us. We were formed and funded by Fannie Mae, which is a private company chartered by Congress to provide funds to local lenders for home mortgages in communities across America.
The Fannie Mae Foundation is a nonprofit organization. Among other activities, the Foundation provides information useful to Americans who want to buy a home. We know that the whole process of getting a mortgage can be confusing, so an important service we provide is information such as this guide.
10 Rookie Home Buyer Mistakes To Avoid
It was supposed to be a momentous occasion for Brian, who was about to close on his first home.
But after signing a thick stack of documents--and taking part in the ceremonious passing of the
keys—something felt off for the then 26-year-old Montgomery County, Md., resident. There
wasn't even a chilled bottle of bubbly or a housewarming gift to punctuate this pivotal moment.
"My Realtor told me that I can take him out for a steak," recalls Brian, who prefers that only his
first name be used to guard his privacy. "He made me feel like I owe him something, when he
just got paid a $12,000 commission. It felt like a kick in the face."
Consumer Guide to Affordable Housing
On behalf of the Michigan Mortgage Lenders Association (MMLA) Consumer Education Committee, we would like to take a moment to thank you for spending time with us and learning more about the home-buying process. We are committed and dedicated to the real estate finance profession and want to make a positive impact on the lives of as many residents as possible in the state of Michigan. We hope that you find the content of this Consumer Guide to be helpful as you begin the process of becoming a homeowner.
Please keep this consumer Guide in a safe and convenient location where you can reference it in the future for information, or pass it along to others you know who might be interested in learning more about the home-buying process.
5 Tips for Avoiding Foreclosure Scams
1. Work only with a nonprofit, HUD-approved counselor.
2. Don't pay an arm and a leg.
3. Be wary of "guarantees."
4. Know what you are signing--and be sure you sign it.
NBCI Assists a Homeowner in Need
Creative Solutions for the Foreclosure Crisis
- Fannie Mae Neighborhood Stabilization Forum - February 10, 2009
Solutions for Stabilizing Neighborhoods While Expanding Homeownership - NBCI Addresses Foreclosure Crisis at MI Roundtable Summit
Meeting identifies current needs, and addresses gaps in existing solutions.