Mortgage Bailouts: $2.1B to ‘Hardest-Hit’

Hardest Hit Fund programs in 18 states and the District of Columbia are designed to provide assistance to struggling homeowners through modification, mortgage payment assistance, and transition assistance programs. Application Deadline: Don’t delay. Application deadlines vary. Some states have already concluded the application process.

Government Foreclosure Prevention Programs In recent years the federal government has created a number of programs through the Making Home Affordable Program to help homeowners in foreclosure. It also provided money to 18 states and Washington D.C. to develop programs to assist struggling homeowners (the Hardest Hit Fund).

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Like Florida, California has limited its mortgage-assistance window to six months, but the group has tailored its Hardest Hit spending plan to reach more than just the unemployed.

 · The Hardest Hit Fund is part of the broader financial bailout known as the troubled asset relief program, a $700 billion bailout package approved at the peak of the 2008 financial crisis.

 · WASHINGTON – A government watchdog says that 137 community banks used $2.1 billion from a special fund aimed at boosting lending to small businesses to.

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Beyond The Bank Settlement Nevada in June began a pilot mortgage relief program for Clark county underwater borrowers. It blends the state’s "Hardest Hit Fund" principal reductions with refinancing in.

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It’s called Florida Hardest Hit. It could be key to keeping. and they’re in dire need of a temporary bailout. Well, now they may be in luck. If you’ve been laid off and you’re fewer than 90 days.

Struggling Florida homeowners are losing out on $250 million in mortgage assistance because state officials opted not to apply for additional money from the federal Hardest Hit Fund.

Florida’s $1.1 billion Hardest Hit Fund winding down after some hard knocks. pictures for story on Florida’s Hardest Hit Fund for people in mortgage distress). a critic of federal bailout.