FT.LAUDERDALE, Fla. – Consolidated Credit, had the honor to attend a White House Forum to discuss recent Florida housing initiatives.
Joseph Cvelbar, Director of Consolidated Credit’s housing counseling department, was selected from more than 100 housing companies to provide feedback on the current situation of Florida homeowners.
“This was a wonderful opportunity to sit down in small groups with senior administration officials and give input into how programs have been utilized in Florida and where the opportunities existed to improve their effectiveness,” said Cvelbar.
Cvelbar also said that the collaboration of U.S. senior officials and housing representatives is the key in the implementation of foreclosure programs.
“The opportunity for direct meetings with senior officials shows that the White House wants to know how effective its policies have been for Florida homeowners and how to make them work even better,” Cvelbar said.
At the forum, housing representatives discussed the changes to the Florida’s Hardest Hit Fund Program. Once the new changes take effect, the program will assist close to 80 percent of the homeowners who seek help with their mortgage, Cvelbar said.
Other changes to the program include:
– Mortgage payment assistance will be extended from 6 months to 12 months.
-The cap on payments for homeowners who need to reinstate their mortgage has increased from $6,000 to $18,000.
-All condominiums are now potentially eligible to qualify for these programs with a limited review of a condominium association’s financial statements.
-Borrowers may qualify for relief programs even if they were late on their mortgage payments.
Among other topics covered in the meeting were Modification Assistance, the role of the Consumer Financial Protection Bureau, FHA Programs and refinancing initiatives, the National Mortgage Service Settlement and Help for Neighborhoods and Underserved Communities.
Senior officials from U.S. Department of Housing and Urban Development, Department of Treasury, U.S. Department of Agriculture and The Consumer Financial Protection Bureau also attended the forum.
About: Consolidated Credit is certified by the U.S. Department of Housing and Urban Development (HUD) as a housing counseling agency to help people manage their mortgage, foreclosure, reverse mortgage and/or purchase of a home.