There is a great deal of information available about the recent Mortgage Servicing Settlement and FHA Streamline Refinance MIP programs. The HUD Center for Faith-Based and Neighborhood Partnerships hosted a national conference call that explained both plans for faith leaders to share with the congregants and communities. The “Understanding the Mortgage Servicing Settlement and New FHA Streamline Refinance MIP” conference call was held April 18th at 2:00 PM EST.
Callers learned about the Mortgage Servicing Settlement Agreement, the new FHA Streamline Refinance MIP options available to eligible homeowners, scam awareness and prevention efforts, and the importance of using HUD-approved Housing Counselors from senior HUD officials including HUD Secretary Shaun Donovan. Faith and community leaders received information and resources useful to congregation and community members facing foreclosure and/or families who might qualify for compensation due to an improper foreclosure practices, mortgage principal reductions and refinancing of underwater homes available for eligible homeowners. The call was well received, with 780 faith-based and community leaders calling-in, and helped educate the community about ways to save their homes, while bringing hope to those facing foreclosure.
For more information about the Mortgage Service Settlement, please visit: www.nationalmortgagesettlement.com.
Paula Lincoln is the Director for theCenter for Faith-Based and Neighborhood Partnerships at the United States Department of Housing and Urban Development