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Cohen Announces More Than $5 Million to Combat Foreclosures, Rehabilitate Housing

WASHINGTON, D.C. - September 8, 2010 - (RealEstateRama) -- Congressman Steve Cohen (TN-9) today announced the U.S. Department of Housing and Urban Development has awarded Memphis $5,195,847 under the Neighborhood Stabilization Program (NSP) to address the effects of abandoned and foreclosed housing.

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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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