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Tauscher adds mortgage site on web page

By Lisa Vorderbrueggen
Friday, October 12th, 2007 at 1:47 pm in Congress.

In the wake of mortgage crisis, Rep. Ellen Tauscher, D-Alamo, has posted a resource site on her congressional web site for people seeking answers or help. Click here to access the web page.

“If you are a homeowner and are concerned about your mortgage or are just looking for guidance that will maximize your investment, the Department of Housing and Urban Development (HUD) has information that can help,” Tauscher’s office wrote in a press release issued this afternoon.

Among the resources listed on her web site include:

1) HUD offers free or low-cost counseling on home buying, renting, default and foreclosure prevention, as well as resources to help with expenses like utility bills. Or you can call HUD’s interactive voice line: 800-569-4287.

2) If you are considering buying a home, you might be interested in contacting the Federal Housing Administration (FHA). FHA can help to provide loans for new homebuyers and for homeowners who wish to refinance their mortgages.

3) The Mortgage Bankers Association also offers an online resource, The Home Loan Learning Center that you might find helpful.

4) Also included is contact information for a number of mortgage lenders: Your mortgage lender can help you restructure the terms of your home mortgage if you are experiencing difficulty making your monthly payments. If you are experiencing difficulty in making your monthly payment, call your lender sooner rather than later. For consumer privacy reasons, they are not allowed to contact you, even though they may be willing to help you work out a solution.

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