Bay State Banner: National, State Groups Push to Preserve Foreclosure Aid
A broad coalition of state and national organizations is pushing to preserve a key federal program that has helped more than 1.1 million troubled homeowners and reduced mortgage payments by a median savings of $546 each month.
The Home Affordable Modification Program (HAMP), created in response to the nation’s housing crisis, is set to close shop on Dec. 31.
The District Department of Housing and Community Development, in partnership with the Greater Washington Urban League (Washington, D.C.), will celebrate National Homeownership Month by hosting the 5th annual D.C. Housing Expo "Welcome Home."
Businessweek: Underwater Homeowners Will Work For Lower Pay
More than one in five borrowers have underwater mortgage loans—they owe more than their homes are worth. This causes financial stress and emotional pain, but new research shows that underwater mortgages may also cause homeowners to work for less money.