Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
HUD Over 100k loan mods completed as of Dec.
WASHINGTON (1/19/10)--The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) have noted a “significant acceleration in the rate at which borrowers are being approved for permanent modifications” under the Obama Administration’s Home Affordable Modification Program (HAMP), with over 100,000 mortgage modifications being converted under HAMP as of Dec. 2009. A number of credit unions participate in HAMP, which aims to help struggling homeowners by modifying their mortgages. The program is attempting to lower the mortgage payments of up to 4 million homeowners through mortgage modifications by 2012. HAMP modifications have resulted in savings of $1.5 billion in funds for homeowners thus far. Over 850,000 homeowners “have had a median payment reduction exceeding $500,” according to the release.


RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
19 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
14 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
15 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
16 hours ago