Mortgage foreclosure

Fannie Mae or Freddie Mac Mortgages

Homeowners with mortgages owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for different repayment options following their forbearance. Fannie Mae and Freddie Mac do not require a lump sum payment at the end of the forbearance.

Posted on December 11, 2020

Federal Housing Administration FHA Mortgages

Federal Housing Administration FHA Mortgage Forbearance repayment options.

Posted on December 11, 2020

USDA Rural Housing Forbearance Repayment

USDA Rural Housing Forbearance Repayment

Posted on December 11, 2020

Veterans Administration VA Mortgage Forbearance Repayment

Veterans Administration (VA) Servicers of VA loans cannot require borrowers to make a lump sum payment immediately after a borrower exits a CARES Act forbearance. The VA has a suite of loss mitigation options such as repayment plans and loan modification to assist borrowers in repaying payments missed under a CARES Act...

Posted on December 11, 2020

Preparing for the End of the Mortgage Forbearance Under the CARES Act; Options for Homeowners

For many people, the month of February 2021 will mark the end of their mortgage forbearance under the CARES Act. This leaves many questions about how to manage missed payments and what will happen if someone cannot pay those accumulated amounts. This article will help explain the choices people have to manage their mortgages.

Posted on December 10, 2020

Mortgage, Credit, Debts and COVID-19 - Protect Your Finances

Many creditors are offering ways to avoid making payments during the COVID-19 pandemic, but is that the best for your finances? There are options for staying on top of bills during this time and avoid jeopardizing your future.

Posted on April 15, 2020

OCC Announces Release of Unclaimed Independent Foreclosure Review Settlement Funds

Today, the Office of the Comptroller of the Currency (OCC) announced that at the end of 2015, it will escheat unclaimed Indenpendent Foreclosure Review (IFR) funds to the states so that claimants will be able to receive their funds in the future.

Posted on December 23, 2016

Our Housing Programs Do Make Difference

Great letter from clients helped by the AFS housing program.

Posted on December 23, 2016

Hope for a New Home After Foreclosure and Bankruptcy

Timelines for buying a house after filing bankruptcy or going through a foreclosure.

Posted on December 23, 2016

New Homeowner Foreclosure Protections to Begin January, 2014

  January 17, 2013 CFPB RULES ESTABLISH STRONG PROTECTIONS FOR HOMEOWNERS FACING FORECLOSURE Abbreviate release from the Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB) is issuing new mortgage servicing rules to establish strong protections for struggling homeowners facing foreclosure. The rules will also protect all homeowners from being hit by...

Posted on December 23, 2016