Recent News:
Source: GreenPath Financial Wellness
Even a month into the New Year, it’s always a good time for making positive changes, and getting on the path to good health — not only physically, but financially as well. Are you ready to start on the road to positive financial health?
One way in which you can do this is by reducing and eliminating debt. With careful planning, informational resources and support, you can do it. It just takes a plan.
Source: U.S. Department of Housing and Urban Development (HUD)
To provide urgent economic relief to homeowners impacted by COVID-19, today the U.S. Department of Housing and Urban Development (HUD) announced extensions of the Federal Housing Administration’s (FHA) foreclosure and eviction moratoriums, as well as an extension of the initial start date of a COVID-19 Forbearance. Forbearance is an option mortgage servicers use to provide homeowners with a pause to their monthly payments for a limited period of time during a COVID-19 induced hardship.
The FHA has extended the length of forbearance for some borrowers, and will allow more borrowers access to COVID-19 loss mitigation options. These measures will provide relief to the nation’s homeowners with FHA-insured single family mortgages who continue to suffer financially because of the COVID-19 pandemic.
Source: GreenPath Financial Wellness
With the new year and tax season just beginning, your clients are likely thinking of ways to develop their financial health so they can meet their goals. Our partner GreenPath Financial Wellness shares that the journey to financial wellness is smoother when people take the time to create a budget. This step helps better identify each unique financial situation.
Yet, this can be hard to accomplish without the right tools. Prepaid cards, particularly reloadable cards, are a simple tool your clients can use to successfully stay on top of their budgets this year.
Source: BankRate
The spring homebuying season is about to kick off, and the housing market is especially daunting for first-time buyers. Home values have been soaring. Bidding wars are common. For novice home shoppers, it all can feel a bit intimidating.
“There are so many savvy buyers out there that you’re competing against,” says Katie Severance, an agent at Brown Harris Stevens in New Jersey and author of The Brilliant Home Buyer’s Guide.
If you’re a first-time buyer, here are six questions to ask yourself.
Source: HUD.gov
The U.S. Department of Housing and Urban Development (HUD) today announced that it will administer and enforce the Fair Housing Act to prohibit discrimination on the basis of sexual orientation and gender identity.
HUD’s Office of Fair Housing and Equal Opportunity (FHEO) issued a memorandum stating that HUD interprets the Fair Housing Act to bar discrimination on the basis of sexual orientation and gender identity and directing HUD offices and recipients of HUD funds to enforce the Act accordingly. The memorandum begins implementation of the policy set forth in President Biden’s Executive Order 13988 on Preventing and Combating Discrimination on the Basis of Gender Identity or Sexual Orientation (Executive Order), which directed executive branch agencies to examine further steps that could be taken to combat such discrimination.
