Qualified homeowners will be eligible for one-time financial assistance up to $25,000 in zero-interest deferred loans. The borrower’s residence must be secured by a reverse mortgage in the borrower’s name, and that individual’s annual income not should not exceed $77,540.
“ReMIT was created to serve District homeowners that are at risk of losing their homes,” said Todd A. Lee, DCHFA Executive Director and Chief Executive Officer. “With ReMIT, we aim to prevent and reduce the number of foreclosures that are happening in D.C. as a result of delinquent tax and insurance payments. ReMIT, along with the agency’s other foreclosure prevention program, HomeSaver, will allow residents to continue living in their homes that they have worked hard to maintain.”
Complaint stems from errors in credit scores made earlier this year.
Consumer credit reporting giant Equifax is now the subject of a proposed class action lawsuit related to a coding error that led to possibly millions of erroneous credit scores being sent to potential home and auto lenders earlier this year.
The suit, filed last week in fed...
Barrett Elliot has been with national provider of mortgage credit reporting services since 2010.
Birchwood Credit Services, a national provider of mortgage credit reporting services, announced the promotion of Barret Elliot to chief operating officer.
For over 27 years, Elliot has worked in the financial services industry, including 18 y...