High inflation and a pending avalanche of job losses are going to squeeze the cash reserves from many homeowners who could soon be scrambling to make house payments.
Can you say: Equity rich, financially distressed? For the purpose of this column, ERFD is our new acronym. Remember it.
The Bureau of Labor shows us that national unemployment stands at 3.7%. A year from now it will be higher than 6%, according to my crystal ball. 1) Are you worried about losing your job, getting work hours cut or anticipating a reduced revenue stream if you are self-employed? For example, HUD offers FHA borrowers special forbearance or SFB when one or more borrowers have become unemployed, and such an income loss has negatively affected the borrower’s ability to continue to making monthly mortgage payments.
“Customers facing changes should reach out to us as soon as they have concerns about making their monthly payments,” said Tom Goyda, senior vice president. “ don’t need to miss a payment to be eligible for assistance.”
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Fire danger high across Colorado's eastern plains, more snow for the Colorado high country later todayOur next storm will bring more snow to the mountains by this afternoon. It will be windy but dry across the plains, with colder weather to end the week.
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U.S. inflation remains high, but not as high as expectedInflation was near the top of many voters’ minds in the midterm congressional elections that ended Tuesday
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Seattle school shooting: 1 student killed at Ingraham High School, suspect in custodyPolice said a suspect is in custody and one person was injured after a shooting at a North Seattle school Tuesday morning.
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New Drug Helps Tame Uncontrolled High Blood PressureSome patients with high blood pressure can’t get it under control with standard medications, but a new study shows an experimental drug is up to the task of treating these tough-to-treat cases.
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Election scrutiny high, but US votes without major hitchesWith polls open across the nation, no widespread problems with ballots, long lines or voter intimidation were reported on Tuesday afternoon during Election2022. There were a few hiccups in some places, which is typical on any Election Day.
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