Is ClearPoint Credit counseling HUD-approved?
ClearPoint is a Department of Housing and Urban Development (HUD)-approved counseling intermediary, helping homeowners maintain ownership and prevent foreclosure.
Is MGIC a HUD-approved counseling agency?
Please note: MGIC’s homebuyer education program does not meet requirements for all loan programs. While our certificate meets requirements for Freddie Mac, it is not HUD-approved and does not fulfill requirements for Fannie Mae.
What is the minimum number of HUD counselors that must be provided?
A1: During each 12-month period, the participating agency must provide housing counseling to at least 30 clients. This minimum number of clients applies to clients served under all funding sources.
What is HUD-approved?
A HUD-approved housing counselor is specially trained and certified by the government to help you assess your financial situation, evaluate options if you are having trouble paying your mortgage loan, and make a plan to get you help with your mortgage. HUD stands for the Department of Housing and Urban Development.
Is framework HUD-approved?
Frameworks CDC is a HUD-approved housing counseling agency with over ten years of experience helping clients with mortgage delinquency.
Is FNMA framework HUD-approved?
Our course has a comprehensive curriculum that meets HUD guidelines and exceeds National Industry Standards for Homeownership Education and Counseling, and is wedded to best practices for adult online learning.
Is eHome America HUD-approved?
Working with over 500 non-profit partners across the nation, eHome America has been endorsed by the U.S. Department of Agriculture and numerous state housing finance agencies, and is accepted by most lenders as well as 10 of the 11 Federal Home Loan Banks.
Who must attend HECM counseling?
You own your home, and it is your primary residence. At least one borrower is 62 or older. You have considerable equity in the home. You have the financial resources to continue paying necessary taxes, homeowner’s insurance, and home maintenance costs.
Is Fannie Mae framework HUD-approved?