Which disposition strategies can ensure that distressed assets return to owner-occupants in a faster, more streamlined manner?
Read More »‘Hardest Hit’ Areas Get More Relief from Treasury
The Hardest Hit Fund (HHF) was created under the government's Troubled Asset Relief Program in 2010 to help the areas that were deemed to have been hit hardest by the financial crisis. How is the latest—and final—round of funding going to be disbursed?
Read More »Treasury to Provide More TARP Funds for Hardest Hit Communities
The latest allocation to the Hardest Hit Fund from the government's Troubled Asset Relief Program, which totals $2 billion, is the fifth round of HHF funding aimed at helping struggling homeowners and stabilizing neighborhoods.
Read More »OCC Comments on Progress of Hardest Hit Fund Initiative
In an article for the newsletter titled "Hardest Hit Fund Provides Locally Tailored Solutions for Struggling Homeowners," U.S. Department of Treasury Director of the Hardest Hit Fund Program Erin Quinn said that as of March 2015, almost 230,000 homeowners had received a combined $4.7 billion worth of assistance from the HHF Program.
Read More »Fannie Mae to Sell Foreclosed Vacant Properties to Detroit Land Bank
Fannie Mae announced it has agreed to sell 44 foreclosed vacant properties to the Detroit Land Bank Authority as part of a partnership to stabilize neighborhoods in the greater Detroit area, which has seen a dramatic spike on the number of foreclosures in the last two years.
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