Friday, June 26, 2009

NeighborWorks and NHS of South Florida Join NBA All-Stars

Yesterday NeighborWorks America and Neighborhood Housing Services of South Florida (NHSSF) joined the HOPE NOW alliance for the ‘Bringing Hope Home’ foreclosure prevention campaign, which featured NBA All-Stars Alonzo Mourning and Dwyane Wade of the Miami Heat and Latino television host Fernando Arau.

Mourning, Wade and Arau met with NHSSF’s counselors and clients and visit local businesses in the Miami Gardens neighborhood. The goal of the foreclosure prevention campaign is to raise awareness of the foreclosure crisis and the free resources available to homeowners in danger of foreclosure, including the government’s Making Home Affordable Program.

For more information, read today's Miami Herald story about the event.

Wednesday, June 24, 2009

FDIC Appoints Ellen Lazar as Senior Advisor for Consumer Policy

NeighborWorks America congratulates former NeighborWorks America Executive Director Ellen Lazar on her appointment as senior advisor for consumer policy to FDIC Chairman Sheila Bair. In this new position, Lazar will advise the Chairman on issues relating to the corporation's consumer policy and programs.

Chairman Bair, in announcing the appointment, said, "Ms. Lazar's long and distinguished career has been focused on community development and consumer protection. Her expertise and experience in these areas will contribute significantly to the FDIC's consumer programs and policy development."

Lazar was executive director of NeighborWorks America from 2000-2003. Read more about Lazar’s appointment.

Friday, June 19, 2009

Foreclosures Grind On as Lenders Fail to Modify Loans

Today, USAToday reported that efforts to reduce foreclosures have been beset by backlogs and delays, leaving many overstretched homeowners uncertain whether they'll keep their homes or lose them shortly. The article highlights data from NeighborWorks America’s recently released report to Congress on the National Foreclosure Mitigation Counseling Program. While the report shows that more than 400,000 homeowners have been helped through the program, it also details slow response times of up to 45-60 days on the part of servicers.

Read USAToday article.
See NeighborWorks release.
Download NFMC report.

Tuesday, June 16, 2009

HUD Offers $58 Million for Housing Counseling

HUD has announced that more than $58 million is available for a broad range of housing counseling programs to help families find and preserve housing. The funding is an increase of $11 million, or 23 percent, over last year. These grants will be awarded competitively to hundreds of HUD-approved counseling agencies and State Housing Finance Agencies that offer a variety of services including how to purchase or rent a home, how to avoid foreclosure, how to improve credit scores, and how to qualify for a reverse mortgage. View HUD news release. Access funding announcement and application.