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

 · Look Again, It’s Another Bank Bailout. Arizona is one of five states that, with money from Washington, hopes to help at least some of these people hold on to their homes. Under a new, federally financed pilot program for the hardest-hit housing markets, state officials will decide who will get a homeowner bailout,

Ally Financial Inc. has agreed to pay $2.1 billion as part of a settlement plan to resolve potential financial claims stemming from its mortgage division. owned by the U.S. government as a result.

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.

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Plan: Help millions of homeowners by encouraging servicers to lower mortgage payments. Obama launched his “homeowner bailout,” making homes affordable. Reality: May not help the hardest-hit, and a.

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RIVERSIDE COUNTY, CA – A Corona man who fraudulently obtained over $50,000 in federal relief by falsely claiming to be a homeowner who lost his job during the Great Recession, leaving him unable to.

The possibility of using eminent domain to reduce underwater mortgage debt in the city of Richmond California. Richmond, California is one of the hardest hit cities in the housing collapse. The.

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 · The HFA Hardest Hit Fund will pay for targeted relief programs including unemployment assistance to homeowners to help prevent foreclosures, mortgage modifications on loans held by HFAs or.

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The government’s mortgage insurer came to the rescue of the mortgage market. The program will offer some national loan pools and some pools in "hardest hit geographies," according to Galante. Those.