Florida Housing Revises Requirements For HHF Pilot

Posted by Orb Staff on November 17, 2010 No Comments
Categories : FYI

The Florida Housing Finance Corp. says that troubled homeowners in Lee County who want to apply for financial assistance from the Florida Hardest-Hit Fund (HHF) may now be up to 180 days delinquent on their first mortgage. To date, more than 780 applications have been submitted via Florida Housing's website. Applications may only be submitted by homeowners living in Lee County, the pilot site for the program.

The online application process opened Oct. 25 and will remain open until 1,000 applications are received.

"Since the program opened last month in Lee County, we have seen many applications from homeowners who are more than 90 days past due with their mortgage payments, yet meet the other qualifications to receive assistance from the HHF," says Steve Auger, executive director of Florida Housing. "Now that Fannie Mae and Freddie Mac have issued written guidance to servicers of their loans to work with state housing finance agencies to accept HHF mortgage payments on behalf of eligible homeowners, we can expand the program to reach more people."

SOURCE: Florida Housing Finance Corp.

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