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Articles tagged with: HUD

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[28 Mar 2011 | 2 Comments | 1,957 views]
Dowpayment assistance classes scheduled by CCOA

A HUD-certified housing counselor from local nonprofit CCOA will lead each of three upcoming free home buyer education classes in Springdale.
The next workshop, which can qualify participants for down payment assistance of up to $10,000 through an Arkansas Development Finance Authority program, is Saturday, April 9. The course will be held at United Bank at 2790 S. Thompson in Springdale.
Registration is open at www.CCOAcares.com for the free courses, which feature segments taught by representatives from the insurance, mortgage and real estate industries.
Seating for the classes is limited, so please register …

Commentary, Politics »

[5 Dec 2010 | 8 Comments | 4,048 views]
The latest confusing foreclosure news

Trying to keep up with what’s happening with foreclosures around the nation is confusing, indeed.
At the end of November, Fannie Mae and Freddie Mac – the government-sponsored enterprises which underwrite the bulk of mortgages in the United States – told real estate agents to resume with sales of foreclosed properties. That was a significant announcement as Fannie and Freddie had about 240,000 properties set for foreclosure at the end of September.
Concerns over the adequacy of paperwork filed in foreclosure actions, however, caused Fannie and Freddie to order a halt to …

Business, News »

[18 Nov 2010 | One Comment | 1,537 views]
Robards named to national board

Mike Robards, executive director of CCOA, has been named to the first Board of Trustees of the National Foundation for Credit Counseling (NFCC).
CCOA (Credit Counseling of Arkansas) is based in Fayetteville but has offices throughout the state.
“The NFCC’s new Board combines the credit counseling experience of seasoned NFCC Agency CEOs with the outside perspective of incredibly talented executives from a wide variety of disciplines, providing us with a powerful team that few organizations can match,” said Susan C. Keating, NFCC president and CEO.  “I look to this Board to bring …

Features and such »

[8 Nov 2010 | 7 Comments | 2,498 views]
Reverse mortgage — what is that thing?

Over the past few months, I’ve seen an increasing number of advertisements for reverse mortgages.
Those have been around for some time, but they appear to be gaining in popularity. What exactly are they?
John Moore of the Reverse Mortgage USA office in Springdale deals with those loans all day long. He was good enough to send over some information defining what reverse mortgages are and who might benefit from them.
In a nutshell, a reverse mortgage is insured by the Federal Housing Administration (FHA) and is available to homeowners who are at …

News »

[16 Jul 2010 | One Comment | 4,050 views]
Millions in grants announced

Millions of dollars will be funneled to various agencies, programs and organizations throughout Arkansas, according to several announcements made Thursday and Friday.
The announcement came via press release from U.S. senatorial and congressional offices including:  Senators Blanche Lincoln and Mark Pryor, and Representatives Marion Berry (AR-01), Vic Snyder (AR-02) and Mike Ross (AR-04).
The announcements were as follows:
$22.3 million for economic/community development
Arkansas will receive $22,346,252 in grants from the U.S. Department of Housing and Urban Development (HUD) to improve local communities through economic development initiatives, public infrastructure investments, and rehabilitation of buildings …