Florida homeowners out $250 million in Hardest Hit funds after state passes on mortgage aid

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The purpose of the Hardest Hit Fund is to provide money to the states most impacted by the housing crisis — that is, those states with the steepest home price declines and the highest unemployment. The government identified 18 states and the District of Columbia to receive a total of $7.6 billion.

Eder said he had been out. would after a normal recession." Under the revamped housing aid, borrowers in Nevada, California and Florida – the hardest-hit states – would benefit the most. Previously.

Hardest hit Fund Rhode Island (HHFRI) is the program that will distribute the U.S. Treasury Funds in Rhode Island. In 2010, rhode island received $79 million in Hardest Hit program funding, assisting more than 5,300 homeowners. In 2016 Rhode Island received an additional $36 million in program funding from the U.S. Treasury.

New Campaign Offers Educational Materials to Fight Loan Modification Scams WASHINGTON – As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration today announced a new coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times.

The Florida hardest-hit fund (hhf) program assists qualified Florida homeowners, by providing mortgage assistance. This assistance is only available for up to 12 months (capped at $24,000), or until the homeowner finds adequate employment to resume paying their mortgage (whichever comes first).

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The money from a multibillion-dollar federal program to help unemployed and underemployed workers in certain states hold onto their homes failed to reach some of the people who needed the most.

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