Hardest Hit Fund - Good, bad, or irrelevant

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Written on:
June 24, 2010
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On Tuesday the Obama Administration approved $1.5 Billion in "Foreclosure Prevention Funding" for Arizona, California, Florida, Michigan and Nevada. Programs are administrated by state agencies and vary by state. Below we'll take a brief look at some of the common elements of these programs to try and understand what actual impact they may have.Principal Balance ReductionsArizona: California: $420 Million,Mortgage ReinstatementCalifornia: $129 MillionUnemployment Mortgage AssistanceCalifornia: $64 MillionTransition AssistanceCalifornia $32 MillionTOTALCalifornia $700 Million

Written by:
Written on:
June 24, 2010
Category:
Not Categorized