Jocelyn Harris is a mortgage broker from Delray Beach, Florida. In 2006, during the housing boom, she purchased her first and only family home for $250,000. At the time, she had a steady income and she and her husband were able to easily pay the mortgage. In 2008, the economy took a turn for the [...]
cont
In 2000, Jose Machin was living the American dream. He purchased his first home in West Palm Beach, Florida with his wife Estephanie. It cost them $61,000 with mortgage payments of $780.60 per month. Jose and his wife were both gainfully employed and never missed a mortgage payment. Then, sadly, their daughter was diagnosed with [...]
cont
The nation’s largest mortgage servicers have distributed $26.1 billion in direct relief to nearly 310,000 homeowners, or roughly $84,385 per homeowner as part of the National Mortgage Settlement, according to a progress report released today by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. See our press release today and [...]
cont
A recent article by the Huffington Post’s Peter Goodman showed how one homeowner from the Bronx has continued to struggle to save her home because of the outrageous treatment she’s received at the hands of the bank that services her loan. Reporting with painstaking detail the obstacles Bank of America has thrown up as Katie [...]
cont
Connect with HUD