HUD’s Plan for Housing Counseling Services

first_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: default Delinquency Foreclosure HUD HUD’s Plan for Housing Counseling Services  Print This Post default Delinquency Foreclosure HUD 2019-06-03 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Fannie Mae and Freddie Mac Launch UMBS Next: The March of For-Sale Housing Inventory Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles About Author: Seth Welborncenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / HUD’s Plan for Housing Counseling Services Sign up for DS News Daily Share Save in Daily Dose, Featured, Foreclosure, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago June 3, 2019 1,521 Views The Department of Housing and Urban Development (HUD) recently announced that it will be making $43 million in grants available to support hundreds of housing counseling organizations across the country. These organizations support homeowners through services aimed at helping those looking to purchase their first home, searching for affordable rental housing, or households trying to avoid foreclosure or eviction.“HUD-approved housing counselors can make all the difference in helping families find and keep stable housing,” said HUD Secretary Ben Carson. “Research demonstrates that housing counseling helps people make informed housing choices and can be the best preventative medicine to avoid housing problems down the road.”According to HUD, every federal dollar invested in housing counseling is estimated to stimulate six dollars from other state and local sources.HUD’s plans to better assist and counsel homeowners facing foreclosure comes as delinquency rates continue to dwindle. Black Knight recently reported that mortgage delinquencies dropped to 3.47% as of April, the lowest point on record, and Black Knight noted that the 5.51% month-over-month decline between April and March was the strongest single-month April improvement Black Knight has seen.Serious delinquencies fell to a 12-year record low as well, down to 474,000, marking a 124,000 year-over-year decline. Despite the declines, foreclosure starts edged up in April month-over-month by 4.28%, putting the total at 41,400. Year-over-year, however, foreclosure starts declined by 16.02%.In addition to the grant funding announced last week, HUD will also make an additional $2.5 million dollars available through its Housing Counseling Training Grant Program to support basic and specialized housing counseling training for housing counseling agencies.“HUD-approved housing counseling agencies help homebuyers evaluate if they are ready to buy a house, understand their financing and down payment options, help families find affordable rental housing, navigate through issues associated with Home Equity Conversion Mortgages (HECMs), and offer financial literacy training to help struggling families repair credit problems,” HUD stated.last_img read more

Svetlana Savitskaya was the first woman to perform a spacewalk

first_imgSvetlana Yevgenyevna Savitskaya, who became the first woman to perform a spacewalk on July 25, 1984, was born on August 08, 1948. With the 1984 mission, she also became the first woman to travel into space twice.Let’s know everything about Svetlana Yevgenyevna Savitskaya and the mission:By the time Svetlana turned 22, she had already recorded over 400 parachute jumps. By this time, she had also claimed the top spot at the World Aerobatic ChampionshipsAfter earning an engineering degree from the Moscow Aviation Institute, Svetlana started her career as a test and sports pilotShe set 18 international world records on MiG aircrafts and three records in team parachute jumpingSvetlana could fly over 20 different types of aircraftsShe also made a number of women’s speed and altitude records in her careerIn 1982, Savitskaya flew to space as part of the Soyuz T-7 mission, becoming the second woman to fly into space after Valentina TereshkovaOn July 25, 1984, she became the first woman to perform a space walkAs per the records, she conducted an EVA (Extravehicular activity) outside the Salyut 7 space station for 3 hours and 35 minutesShe was honoured with the Hero of the Soviet Union titleSvetlana also has an asteroid named after her. It is called 4118 SvetaInterested in General Knowledge and Current Affairs? Click here to stay informed and know what is happening around the world with our G.K. and Current Affairs section.To get more updates on Current Affairs, send in your query by mail to [email protected]last_img read more