CONSUMER INFORMATION 

Mortgage Bankers Association

The  Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry. The MBA is the leading source of knowledge for most anyone in the mortgage industry. The website contains vital information for both  MBA members and consumers, and is the center for mortgage industry news and research. Consumers are given links to the most important resources on the internet.


Consumer Financial Protection Bureau

If COVID-19 has made it difficult for you to pay your mortgage, utilities, or other housing payments, financial assistance is on the way. The Homeowner Assistance Fund (HAF) was established by the American Rescue Plan Act to help homeowners financially impacted by COVID-19 with housing-related costs.

Find Homeowner Assistance Fund programs in your area.

If the program in your area is up and running, you may start your application process. Funds are limited. Some programs may not have enough funds for every applicant, so it is important to apply as soon as you're able.

If your program is not yet available, check the program's website which may allow you to sign up for timing updates and alerts.

Learn more about the Homeowner Assistance Fund. 

Finally, here's a new blog post on the Homeowner Assistance Fund:
www.consumerfinance.gov/about-us/blog/...



Indiana Foreclosure Prevention Network

In  late 2007 Indiana began addressing the problem of foreclosure with the launch of a major state-wide initiative to assist Hoosiers who are in danger of losing their homes. The Indiana Foreclosure Prevention Initiative was developed by a coalition of community organizations, housing-related agencies, government agencies, lenders and banks, know as the Indiana Foreclosure Prevention Network (IFPN).

Through this unique partnership of public, private and non-profit sectors, a toll-free helpline, 1-877-GET-HOPE was established. The helpline is available seven days a week, from 8 a.m. to 8 p.m. For anyone who may be at risk of foreclosure, the helpline provides FREE CONFIDENTIAL FINANCIAL COUNSELING with no obligation or commitment. Whenever possible, counselors assist homeowners over the phone. If more extensive assistance is needed, the counselor refers the homeowner to a certified foreclosure prevention specialist. Also, a web site, IFPN is available 24 hours a day, seven days a week and offers and on-line workshop about foreclosure.

In addition to the helpline and website, IFPN also partners with servicers, lenders, housing counselors and other community partners to host borrower outreach events. 

 

Federal Reserve Board Consumer Resources

The Federal Reserve Board has a page on their website, The Board of Governors Federal Reserve System web site, dedicated to assisting consumers who are having trouble making their mortgage payments. Specifically, the following is part of what is available for consumers to learn about by going there; Making Home Affordable program, Guide to Avoiding foreclosure, Housing Counseling Agencies, 5 Tips for Avoiding Foreclosure Scams, Credit Repair: How to Help Yourself, Q and A on Home foreclosure and Debt Cancellation, and much more!



Contact Us:

@ Indiana Mortgage Bankers Association

19359 Alpine Drive

Lawrenceburg, IN  47025

Office: (812) 537-1003

Email: ExecDir@IndianaMBA.org

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