Skip to main content

Barney Frank Presents New Platform for At-Risk Homeowners

Phil Hall
Mar 13, 2018
A pair of non-profits, the Finance of America Foundation and HLP, are teaming with the co-author of the Dodd-Frank Act to launch a national platform designed to help homeowners facing foreclosure and other financial difficulties

A pair of non-profits, the Finance of America Foundation and HLP, are teaming with the co-author of the Dodd-Frank Act to launch a national platform designed to help homeowners facing foreclosure and other financial difficulties.
 
This new platform, which has yet to be formally named, is set to go live in the third quarter of this year. The platform will provide information on federal and state aid programs plus private resources designed to keep at-risk homeowners in their residences, and it will also provide free, on-demand chat services with nonprofit HUD-approved housing counselors.
 
Former Rep. Barney Frank (D-MA) is serving as an advisor to the Finance of America Foundation in this effort.
 
“While we have made significant progress in many ways in the 10 years since the financial crisis, we have not yet implemented a solution that allows government, the lending industry and counselors to work together effectively on behalf of individuals facing financial distress,” said Frank. “This platform will be a welcome source of assistance for individuals as well as an opportunity for mortgage companies provide a better customer experience and demonstrate their commitment to sustainable homeownership. It will also provide more visibility for the wide array of government programs available throughout the 50 states and to the thousands of nonprofit housing counselors who work tirelessly to help people in need.”

 
Published
Mar 13, 2018
Evergrande Steadily Repays Debt While Taking On New Risk

Evergrande Chairman Hui Ka Yan has ambitious plans, signaling last Friday that the firm wants to move away from housing and focus on making electric cars. 

Industry News
Oct 26, 2021
Planet Home Lending Reports Q3 Gains In Asset Management, Servicing And Originations

The Planet Home Financial Group, LLC, parent company of Planet Home Lending, LLC and Planet Management Group, LLC reported steady growth across its servicing, correspondent and private-client channels.

Industry News
Oct 26, 2021
CFPB, DOJ And OCC Hit Trustmark National Bank For 'Deliberate' Redlining

The Consumer Financial Protection Bureau and U.S. Department of Justice, in conjunction with the Office of the Comptroller of the Currency are taking action against Trustmark National Bank for alleged redlining violations.

Industry News
Oct 25, 2021
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021