PHFA Takes Pro-Active Steps in Loan Servicing to Keep Borrowers in Their Homes

Brian Hudson

Cascade, 2013, vol. 1

Abstract: The Pennsylvania Housing Finance Agency (PHFA) was created 40 years ago by the state legislature to expand affordable housing options for the state?s residents. It does so through a number of programs that include funding the construction of multifamily rental units, providing affordable home mortgages, supporting housing counseling at no cost to prospective homeowners, and engaging in foreclosure prevention efforts. This article focuses on the PHFA?s servicing of its home purchase mortgages to Pennsylvania residents and the pro-active steps taken by the agency to help keep borrowers in their homes when they are in danger of default or foreclosure.

Keywords: Foreclosures; affordable housing; low income (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.philadelphiafed.org/-/media/frbp/asset ... 82/cascade_no-82.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpca:0007

Access Statistics for this article

Cascade is currently edited by Becca Sells

More articles in Cascade from Federal Reserve Bank of Philadelphia Contact information at EDIRC.
Bibliographic data for series maintained by Becca Sells ().