Skip to main content

Senate passes FHA Modernization Act

Feb 13, 2008

Countrywide and ACORN announce home retention partnershipMortgagePress.comsub-prime borrowers, foreclosure, rate reset Countrywide Financial Corporation and the Association of Community Organizations for Reform Now (ACORN) have announced a joint initiative to develop a blueprint for home retention programs, with a particular focus on sub-prime borrowers. "Countrywide and ACORN share the belief that sub-prime borrowers who have demonstrated the ability and willingness to make payments should not face foreclosure solely as the result of a rate reset," said Maude Hurd, national president of ACORN. Countrywide and ACORN anticipate the final release of the groundbreaking provisions of the home retention initiative at the beginning of 2008. Both parties believe that the plan will provide the framework and positive benefits to sub-prime borrowers experiencing financial difficulties in this challenging environment. For more information, visit www.countrywide.com or www.acorn.org.
About the author
Published
Feb 13, 2008
HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

Jul 09, 2025
Fewer Canadians Hunt For U.S. Property

Largest component of international buyers in U.S. takes more than 25% hit

Jul 08, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

Fairway Independent Mortgage Corporation Announces Rebranding

Now Fairway Home Mortgage, company also donates $1M to support relief efforts in deadly Texas flooding

Jul 07, 2025
FHFA Chief Officially Calls For Investigation Of Federal Reserve Chairman Powell

Alleges Powell lied in testimony to Congress regarding Fed building renovations, says Fed Chair should be fired

BBB Will Impact Homeowners, Buyers

U.S. House and Senate must agree on certain tax, mortgage insurance premium deductions