Nearly all of the Worst 25 Forecast housing markets in 2010 are projected to sustain double-digit deflation for the year. Two markets in CT are listed in the Top 25 for 2010. A broad range of the country's markets compose the worst 25 with a total of 16 states represented, which showsjust how broadly the […]
According to a report Thursday from the Mortgage Bankers Association, Connecticut had 31,979 residential mortgages either in foreclosure or 90 or more days past due. That equates to one mortgage in every 17 or roughly six percent of all CT home loans as of June 30th, 2009. Many economists expect the increase in foreclosures to […]
And finally, the CT FAMLIES Program. This is a refinancing option for CT homeowners to get into a new 30-year fixed rate loan and out of the ridiculously high subprime rates that some people have. Here is a summary from the CHFA website:
CHFA continues to offer the Connecticut Fair Alternative Mortgage Lending Initiative and Education […]
Foreclosure Mediation is when someone steps in on your behalf to try to stop foreclosure and negotiate a suitable arrangement with your lender for repayment of the mortgage. There are a ton of companies out there that market heavily claiming to Stop Foreclosure. Some are buyers and others offer Loss Mitigation services for a fee, […]
CHFA's HERO Loan Program gives them the ability to purchase certain mortgages from lenders in order to give borrowers more affordable terms and a more manageable payent plan that better fits their financial situation. Here is a summary from the CHFA website:
The purpose of the HERO Program is to permit CHFA to purchase eligible mortgages […]
This is a summary of the Emergency Mortgage Assistance Program which is part of the new law that went into effect July 1st. Full information is avaiable by contacting CHFA and is available from the CHFA website. I thought I would summarize it here for readers as well.
The Emergency Mortgage Assistance Program is available to […]
A new state law took effect last Tuesday that will assist borrowers facing foreclosure in CT. The New Haven Register did a great job summarizing the law and how to get assistance.
A new state law that took effect Tuesday establishes borrower assistance programs to help homeowners with subprime mortgages.
The law re-establishes the Emergency Mortgage Assistance […]
This months Connecticut Foreclosure Statistics once again show New Haven County as having the highest number of Lis Pendens in the state. By a lot. CT Foreclosure Auctions and CT REO numbers are down across the board either because they are not being reported or because they were just down. To determine trends, and […]
This week's Foreclosure Statistics for Connecticut Counties as reported by The Warren Group. Most numbers are up over last week. Windham County is back on the board and once again, New Haven County has the highest number of Lis Pendens in the state.
From the Norwich Bulletin - There will be an informational session about foreclosure prevention and sub-prime mortgages conducted by Catholic Charities and the Connecticut Housing Finance Authority (CHFA). The session will be held at 6:30 p.m. Tuesday (tomorrow) in the Catholic Charities office at 331 Main Street in Norwich.
The class is free of charge and […]
