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Cohen, McDermott Introduce Bill to Help Struggling Families Keep Their Homes

Congressmen Steve Cohen (TN-09) and Jim McDermott (WA-07) today introduced the Limiting Investor and Homeowner Loss in Foreclosure Act of 2014 to prevent foreclosures and help struggling families keep their homes. The newly-introduced legislation would encourage debtors and secured lenders to come together to discuss and secure mutually beneficial resolutions of their mortgage difficulties.

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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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