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Loan Modification

: The Truth About Mortgage.com

HUD Emergency Homeowners Loan Program

By scot184

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The Obama Administration today announced more targeted support for homeowners struggling with unemployment who are at risk of losing their homes. The $1 billion initiative, known as the ?HUD Emergency Homeowners Loan Program,? aims to provide 24-month bridge loans to those unable to keep up with monthly mortgage payments. The loans are zero percent interest, non-recourse, subordinate [...]

Full post as published by The Truth About Mortgage.com on August 11, 2010 (boomark / email).

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