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$3.3 Million in Recovery Act Funding Announced for Memphis Re-Housing Programs

Washington, DC - July 13, 2009 - (RealEstateRama) – Congressman Steve Cohen (TN-9) today announced that Memphis will receive $3,329,685 from the U.S. Department of Housing and Urban Development (HUD) to help re-house families who fall into homelessness, or prevent them from becoming homeless in the first place.

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MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

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Announcement of Maximum Effective Rate of Interest on Home Loans

The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest

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