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
Record # of applicants for Crash the GAC means every state & D.C. will B represented by young #CU professional at #CUNAGAC #crashthegac15
5 hours ago
.@WOCCU and @CUNA are co-hosting 2015 America’s CU Conference July 12-15 in Denver. Registration is open here: http://t.co/FanFeaO0bC
5 hours ago
Recording of @CUNA Jan. 26 #rbc2 webinar is now available online here: http://t.co/jgxkd65Fj0 Just sign in and listen.
5 hours ago
.@SEC_News 2/19 proxy voting roundtable: contested director elections, increasing retail shareholder participation http://t.co/8k0p6ZvNL8
6 hours ago
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
7 hours ago