Udall: USDA Pilot Program to Help Rural N.M. Homeowners

WASHINGTON –U.S. Senator Tom Udall (D-NM) today announced that the U.S. Department of Agriculture will launch a new Single Family Housing Guaranteed Rural Refinance Pilot Program in New Mexico to help rural borrowers refinance their mortgages. Currently, approximately 2,000 New Mexico families are enrolled in the Single Family Housing Guaranteed Program. They are now eligible […]

Federal program aimed at helping homeowners with mortgage payments

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Alisa Boswell: Freedom New Mexico Eastern Plains Housing Development Corporation Executive Director Monica Gutierrez and associates, from left, Chandra Hall, April Uribe and Anna Avila, go over dates for housing plans Friday. Gutierrez said the corporation is in full support of a new federal homeowners loan program, which helps pay mortgages for struggling homeowners. Alisa […]

Weekly update — March 20

Damage assistance deadline extended The application deadline has been extended to April 1 for uninsured homeowners needing assistance repairing damages from cold weather. To be eligible, applicants must be homeowners without insurance who fall within established low to moderate income levels and must occupy the damaged home. The grants are provided through the Small Cities […]

HAP aids military homeowners

By Tom Philpott: Military Update Like thousands of Amer-ican homeowners, John and Susan, a Coast Guard couple, were slammed financially by the real estate crisis. They saw the value of the $150,000 house they bought in Texas in March 2006 plummet, starting in 2007. This month they will sell it for $125,000, well below the […]

Rep. Luj

Washington, DC – Today, Rep. Ben Ray Luj

One house burned in fire

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Freedom New Mexico: Argen Duncan Firefighters, from left, C.J. Watson, Mike Clark and Michael Mapp keep an eye on the still-burning ruins of county resident Weldon Carmichael’s house after a grassfire destroyed it Thursday. The fire burned 1,300 acres, but no injuries were reported By Argen Duncan: Freedom New Mexico A grassfire southwest of Causey […]

Rep. Luj

Today, Rep. Ben Ray Luj

Officials: Stimulus package should help homeowners and schools

By Garbiel Monte and Argen Duncan As a stimulus package aimed at infusing almost $800 billion into the economy hurtles through Congress on its way to the president’s desk, eastern New Mexico residents are hopeful it boosts the economy. Eastern New Mexico officials said the package should include money to help homeowners fight foreclosure and […]

Egolf proposes tax districts for solar loans

By Staci Matlock: The New Mexican New Mexico homeowners could get loans for solar electricity systems and pay back the money through their property taxes under a bill introduced Tuesday by Rep. Brian Egolf, D-Santa Fe. House Bill 572 would allow counties to establish special assessment districts for solar-energy improvements. Egolf thinks it is the […]

Home equity hits more than 60 year low

The Associated Press NEW YORK — Americans’ percentage of equity in their homes fell below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday. Homeowners’ portion of equity slipped to downwardly revised 49.6 percent in the second quarter of 2007, the central bank reported in its quarterly U.S. Flow […]