Rural refinance program to launch

CNJ staff The U.S. Department of Agriculture will launch a single family housing guaranteed rural refinance pilot program in New Mexico to help rural borrowers refinance their mortgages, according to U.S. Sen. Tom Udall, D-N.M. To be eligible under this pilot, borrowers must have made timely mortgage payments for 12 consecutive months. Rural residents can […]

Federal program aimed at helping homeowners with mortgage payments

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Alisa Boswell Eastern New Mexico residents may soon benefit from a new federal loan program called The Emergency Homeowner Loan Program. The program is geared toward low-income homeowners who are struggling with mortgage payments. It grants loans ranging from $35,000 to $50,000 per homeowner. Kim McGrigg, spokesperson for Money Management International, one of the multiple […]

Veterans may receive refunds from Wells Fargo loans

Freedom New Mexico Nearly 60,000 service members and veterans who refinanced their Veterans Affairs Department mortgage loans through Wells Fargo, Wachovia and SouthTrust will receive refunds as the result of a $10 million settlement in a class-action lawsuit, a Wells Fargo official said. Wells Fargo spokeswoman Vickee Adams said there was no way of knowing […]

Home weatherization programs available

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Argen Duncan Homeowners meeting certain criteria in Roosevelt and Curry counties have opportunities to bring their houses up to code or have them weatherized with programs through Xcel Energy and the New Mexico Mortgage Finance Authority. The Mortgage Finance Authority has provided an allocation of about $586,000 to bring at least nine homes in Curry […]

Finding peace in a troubled world

By Joan Clayton We have been hit with home mortgage failures, bank problems, high gasoline prices, a big increase for food and did I mention corporate trouble? Bad news seems to dominate the media and one might get a little depressed about all the wrongdoing across the planet. How about other crises such as illness, […]

VA taking steps to deal with mortgage crisis

By Tom Philpott With thousands of service members and veterans having lost homes or facing foreclosure as the mortgage crisis continues, lawmakers are pushing legislation to raise VA loan ceilings, lower VA funding fees and expand the VA’s ability to help veterans refinance loans they can’t afford. The Department of Veterans Affairs, meanwhile, is encouraging […]

Housing slump hits home

By Kevin Wilson: Freedom New Mexico Robert Garcia loves the home he and his wife share in Clovis, a three-bedroom, two-bath brick house he considers average. The Garcias are planning to move for a possible promotion with Robert’s computer job, and he’s shared a problem with average Americans in trying to sell his house. A […]