Monday, August 16, 2010

MSHDA Receives Additonal Funding

The Michigan State Housing Development Authority (MSHDA) will receive an additional $128.4 million in funds to assist unemployed homeowners struggling with mortgage payments. MSHDA estimates another 13,000 unemployed homeowners could receive assistance under the Michigan Hardest Hit Program.

Unfortunately, the voluntary program is still missing many of Michigan's largest lenders including Bank of America, Flagstar, Quicken, and Chase.

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