The bureau said foreclosure rates are rising at an “alarming rate” for senior homeowners with these reverse mortgages. The federal agency urged consumers especial older homeowners to do their research before using a reverse mortgage to tape their home equity.
The U.S. Department of Housing and Urban Development Friday awarded more than $4 million to seven Bay Area fair housing organizations to help local residents who have been victims of housing discrimination, agency officials said.
The U.S. Department of Housing and Urban Development is awarding over $200 million in federal grants to 731 local homeless programs across the country.
Homeowners who lost their homes to foreclosure in 2009 or 2010 are getting more time to apply for an Independent Foreclosure Review.
The San Francisco Bay Area has received a $5 million dollar grant from the federal Department of Housing and Urban Development (HUD) to develop ways to efficiently connect jobs to the places where people live.
The $30.5 million in federal funds is helping to bring new life to the Alice Griffith housing development near Candlestick Park.
A new grant from the Department of Housing and Urban Development will help the Bay Area take hundreds of homeless veterans off the street. The $4 million will be used towards helping those who served their country find permanent housing.
A count of Contra Costa County’s homeless residents began Wednesday morning.
U.S. Housing and Urban Development Secretary Shaun Donovan said he hopes that a mortgage modification event in Oakland on Monday will be a model for helping troubled homeowners across the country who are facing foreclosure.