Archive for July 11, 2011

Mortgage Payement Assistance Available To 352 New Mexico Homeowners

by John Weckerle

The New Mexico Mortgage Finance Authority has announced a new Federal program under which a total of 352 homeowners will receive up to $50,000 to help pay a portion of their mortgage for up to two years.  The Emergency Homeowners Loan Program (EHLP) is part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and provides assistance to people who are behind on their mortgage payments due to job loss or medical expenses.  Applicants must meet a variety of conditions to qualify.  For more information and application information, see the NMMFA announcement.