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Another program to keep distressed borrowers in their homes was announced this morning by Bank of America. "Mortgage to Lease" will start immediately as a pilot program for 1,000 preselected homeowners in three states, Arizona, Nevada, and New York, which have been particularly hard
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Distressed Homeowner Program Mainly Benefited Three States As of Aug. 31, fewer than 900,000 homeowners, and just 72,000 underwater homeowners, have refinanced through the program. The administration had estimated the program would help 4 million to 5 million.
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Distressed Homeowner Program Mainly Benefited Three States — Federal Funding Sources for Small Community Wastewater Systems Hardship Grants Program for Rural Communities Program Contacts State Hardship Grants Program: Tel: 202-260-2268 (recording to order program guidelines or obtain state contacts) fax: 202-260-1827 Regional or local.
(2) To disclose to the distressed homeowner all material facts of which the distressed home consultant has knowledge that might reasonably affect the distressed homeowner’s rights, interests, or ability to receive the distressed homeowner’s intended benefit from the residential mortgage loan;
As of Aug. 31, fewer than 900,000 homeowners, and just 72,000 underwater homeowners, have refinanced through the program. The administration had estimated the program would help 4 million to 5 million.