995Hope Blog

Do you qualify for pandemic-related mortgage relief?

A MarketWatch article shares insights from 995Hope’s parent organization, the national nonprofit GreenPath Financial Wellness.   A recent article looks at the options for those struggling with mortgage who don’t think they qualify for pandemic-related payment relief. The advice? Don’t despair. As a start, take steps to get back on track.  First, pin down who owns your mortgage.   [...]

Forbearance Options Webinar

Forbearance Options and Resources for Helping Borrowers with Federally Backed Mortgages: Webinar and Discussion with CFPB, FHFA, HUD, USDA, and VA Date: Monday, March 22, 2021 Time: 2:00 – 4:00 p.m. EDT Staff from the CFPB Office of Mortgage Markets will review the various forbearance materials available  to help consumers navigate the forbearance process as […]

Now’s the Time: Even with Mortgage Relief, Be Proactive

Being Proactive. There is good and better news for homeowners managing their finances during the current pandemic. The good news is with the Biden administration’s recent announcement of a forbearance extension, there is temporary financial relief for families. The better news is that you have an opportunity to establish a more solid financial foundation. Now [...]

GreenPath and Homeownership Preservation Foundation Help COVID-19 Affected Homeowners Avoid Foreclosure

National nonprofit assists thousands of homeowners unable to make mortgage payments and uncertain about forbearance protections. Read Full Announcement > FARMINGTON HILLS, Mich. (February 18, 2021) –  GreenPath Financial Wellness, a national nonprofit that provides financial counseling and debt management services and its affiliate, Homeownership Preservation Foundation (HPF) that provides housing counseling services, helped 19,500 borrowers experiencing  COVID-19 and […]

Why Renters and Homeowners Should Act Now, Before a Crisis

Owning a home is a goal for many of us. But what do we do when we face unexpected challenges and that goal is derailed? As the pandemic continues to challenge household finances, the recent extension of eviction and foreclosure moratoriums on Federally or Government Sponsored Enterprise backed mortgages (FHA, VA, USDA, Fannie Mae and […]

5 Tips to Talk to Your Mortgage Servicer

Ever get stuck when dealing with automatic phone systems so commonly used by many financial institutions? Most of us want to speak to a live agent, but navigating through the menu of options can be time-consuming.   Even more challenging is when you finally speak to a live agent, you don’t have the necessary information at your fingertips.   That’s a common scenario for […]

Not on Forbearance? There’s Still Time.

While many people have taken advantage of CARES Act relief which provides protections for homeowners who have Fannie Mae, Freddie Mac, and other government-backed mortgages, far too many others have slipped into delinquency without knowing they may have help available. The CARES Act offers needed relief as a way for households to lighten their financial […]

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GreenPath, Homeownership Preservation Foundation Launch 995HOPE Website

We offer housing counseling, financial education resources for people looking to stabilize their finances and homeownership October 27, 2020: BUSINESSWIRE: GreenPath Financial Wellness and its affiliate Homeownership Preservation Foundation (HPF), launched the 995hope.org website providing information to help renters and homeowners affected by the COVID-19 pandemic manage through financial challenges. It is estimated there are […]

Small toy home and 3D-printed question mark sat on a desk side-by-side

Taking the Next Step after Forbearance Ends

People relying on COVID related forbearance relief are watching what programs will be extended as we navigate the ongoing pandemic.  Many households are looking to prepare their next steps once temporary forbearance programs come to an end. As defined in our financial glossary, forbearance is a process when a lender agrees to a lower payment or no […]

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Facts to Know About Reverse Mortgages

For seniors who need income in retirement, or for those facing unexpected changes in finances, a reverse mortgage might seem like the way to go. TV, radio and internet advertisements stress the attractiveness of reverse mortgages, promoted as a handy way to use home equity to free up funds. Retirees might be tempted to tap into the […]