Florida homeowners out $250 million in Hardest Hit funds after state passes on mortgage aid

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Despite Florida still being the center of the nation’s foreclosure crisis, state officials chose not to apply for $250 million in federal foreclosure assistance funds.

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As of February 2018, the only remaining Hardest Hit program for Florida homeowners in danger of foreclosure is the Florida Elderly Mortgage Assistance (ELMORE) program. This program offers as much as $50,000 to elderly homeowners who have reverse mortgages.

Florida ends hardest hit programs early with millions in foreclosure relied funds unspect.. A federal program aimed at helping struggling homeowners keep their. mortgage help for the unemployed and underemployed, and aid on. to go through the state's application channels years ago after being laid.

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audit-in TARP's Hardest Hit Fund (HHF), an ongoing foreclosure prevention program.. state agencies inappropriately shifted 100% of certain travel costs to the Hardest. SIGTARP reported in 2015 that the Florida agency was one of the most. homeowner mortgage assistance ($7 billion), 8% for blight.

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HAMP and related programs ($27.8 billion program with $9 billion. 2008, and the largest banks exited TARP in the following two years, homeowners' mortgage payments. hardest hit fund homeowner Admission Rate by State. SIGTARP's HHF Florida audit: In 2015, SIGTARP conducted an audit.

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The Hardest Hit Fund (HHF) provides $7.6 billion to 18 states and the District of Columbia to assist struggling homeowners through locally tailored programs administered by each respective housing finance agency (HFA) in order to help prevent foreclosures and stabilize housing markets. These areas were designated "hardest hit"

Hardest Hit Fund (HHF) Programs The US Treasury administers the Hardest Hit Fund, which provides aid to the states that were most impacted by the economic crisis. Each of these states have local agencies that help homeowners in various ways, including mortgage payment assistance for the unemployed, principal reduction, and transactional assistance.