As federal agencies failed to make a plan to resolve the housing crisis, founder of RJL Holdings and Black Entertainment Television came up with an idea to solve the foreclosure dilemma.
Freddie Mac has suspended government foreclosures for mortgage loans qualified for any of the housing schemes offered under Obama’s program, the HOPE NOW program and other federal loan modification programs.
Freddie Mac's decision to suspend government foreclosures on at-risk loans that are eligible under any housing initiatives is a sign of its commitment to guarantee the success of the Home Affordable program.
Individuals and companies offering help to distressed homeowners to save their properties from bank and government foreclosures have been proliferating in the market as the federal government intensifies its foreclosure prevention programs.
The Project Lifeline, an outreach service aimed at helping distressed homeowners avoid bank and government foreclosures, is a collaboration between mortgage lenders and the federal government.
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