HUD No. KY08-008 Burt Wilkerson, Atlanta Regional Director (404) 331-5001 ext. 2008 |
For Release Tuesday August 25, 2008 |
HUD CONTINUES TO PROVIDE IMMEDIATE HELP TO HOMEOWNERS IN KENTUCKY
HUD Secretary to troubled homeowners: Don't wait to seek relief; Visit HUD.gov
LOUISVILLE - Distressed homeowners in Kentucky do not have to wait for the new housing law to take effect on October 1st in order to be eligible for
mortgage relief. HUD's Federal Housing Administration (FHA) continues to
provide troubled homeowners with access to safe, affordable mortgage products.
"HUD understands that for many families, time is of the essence. These families should not wait to obtain help when
it may already be available," said HUD
Secretary Steve Preston. "Delay could only result in the loss of their home.
We have already helped hundreds of thousands of families nationwide, and we believe
there are more Kentucky families that can currently benefit from our refinancing product."
There are 39 locations of HUD-approved
housing counseling agencies standing by to help homeowners in the state
of Kentucky. In addition, homeowners may also call the HOPE Now alliance
at: (888) HOPE-NOW.
In July, the Bush Administration expanded its flagship mortgage insurance program to assist more homeowners who
are struggling to keep up with their high-cost
subprime adjustable rate mortgages. HUD's FHA expanded its
FHASecure refinancing product to insure more mortgages for borrowers who were late on a
few payments and/or received a voluntary mortgage principal write-down from their lender.
With this expansion, FHA has helped more than 320,000 families since September 2007 refinance into affordable mortgages and is on pace to help 500,000 American families by the end of this year.
In August 2007, FHA initially modified its refinancing program to help creditworthy homeowners who missed their mortgage payments as a result of the payment shock associated with interest rate resets. FHASecure has further expanded its eligibility criteria to help homeowners who have gone into default as a result of temporary economic setbacks. FHA's eligibility will now help the following categories of troubled homeowners:
- Borrowers who are delinquent on their adjustable rate mortgages, but who were late on no more than two monthly mortgage payments over the previous twelve
months are eligible for the standard 97 percent
loan-to-value (LTV) FHASecure refinance loan. - Borrowers delinquent on their adjustable rate mortgages who were late on three consecutive monthly
mortgage payments or at three different times over the past twelve months will be eligible for a 90 percent
LTV ratio FHASecure refinance loan.
FHASecure can help additional borrowers in Kentucky and across the nation access a more viable refinancing option and will offer lenders an alternative
to foreclosing on these individuals. Lenders can already voluntarily write down
the outstanding subprime mortgage principal balances to a 97 percent or 90 percent
LTV ratio depending on the borrowers' circumstances. FHA will also encourage lenders to make other arrangements, such as subordinate financing, to "fill the gap"
between the existing loan balances and the FHA-insurable loan amount. The refinanced
loan amount backed by the FHA would be based upon a new appraisal, performed
by an FHA-approved appraiser.
Below is a list of local HUD-approved housing counseling agencies in your area.
For further information contact: Deborah Knight, HUD Louisville Office Public Affairs Coordinator, at (502) 618-8129.
Agency Name | Phone Toll-Free Fax Number Website |
Address | Counseling Services |
CCCS of the Midwest | P: (800) 355-2227 T: (800) 355-2227 F: (614) 552-4800 Website (www.cccservices.com) |
1725 Ashley Circle, Ste 107 Bowling Green, Kentucky 42104 |
- Home Equity Conversion Mortgage Counseling - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling |
Housing Assistance and Development Services, Inc. | P: (270) 796-4176 F: (270) 796-8203 Website (www.handsinc.net) |
1135 Adams Street P.O. Box 9637 Bowling Green, Kentucky 42102-9637 |
- Fair Housing Assistance - Homebuyer Education Programs - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Prepurchase Counseling - Renters Assistance - Services for Homeless |
Kentucky Legal Aid | P: (270) 782-1924 T: (800) 782-1924 F: (270) 782-1993 Website (www.klaid.org) |
520 East Main Street P. O. Box 1776 Bowling Green, Kentucky 42102-1776 |
- Homebuyer Education Programs - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance - Services for Homeless |
Live the Dream Inc. | P: (270) 843-6071 ext. 124 F: (270) 781-7091 |
247 Double Springs Road P.O. Box 116 Bowling Green, Kentucky 42101 |
- Fair Housing Assistance - Home Improvement and Rehabilitation Counseling - Homebuyer Education Programs - Loss Mitigation - Marketing and Outreach Initiatives - Mobility and Relocation Counseling - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance - Services for Homeless |
Campbellsville Housing and Redevelopment Authority | P: (270) 465-3576 ext. 236 F: (270) 465-2444 Website (www.campbellsvillehousing.com) |
400 Ingram Ave PO Box 597 Campbellsville, Kentucky 42718-1627 |
- Homebuyer Education Programs - Money Debt Management - Prepurchase Counseling - Renters Assistance |
Catholic Charities, Diocese of Covington | P: (859) 581-8974 ext. 148 F: (859) 581-9595 Website (www.covingtoncharities.org) |
3629 Church Street Covington, Kentucky 41015 |
- Fair Housing Assistance - Loss Mitigation - Marketing and Outreach Initiatives - Mobility and Relocation Counseling - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance - Services for Homeless |
Legal Aid of the Bluegrass | P: (606) 784-8921 ext. 25 T: (800) 888-8189 F: (606) 783-1342 |
104 East 7th Street Covington, Kentucky 41011 |
- Homebuyer Education Programs - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance - Services for Homeless |
CCCS of the Midwest | P: (800) 355-2227 T: (800) 355-2227 F: (614) 552-4800 Website (www.cccservices.com) |
617 North Mulberry Ste 24 Elizabethtown, Kentucky 42701 |
- Home Equity Conversion Mortgage Counseling - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling |
CCCS of the Midwest | P: (800) 355-2227 T: (800) 355-2227 F: (614) 552-4800 Website (www.cccservices.com) |
11 Shelby Street Florence, Kentucky 41042 |
- Home Equity Conversion Mortgage Counseling - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling |
CCCS of the Midwest | P: (800) 355-2227 T: (800) 355-2227 F: (614) 552-2222 Website (www.cccservices.com) |
417 High St Frankfort, Kentucky 40601 |
- Home Equity Conversion Mortgage Counseling - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling |
Kentucky Housing Corporation | P: (502) 564-7630 ext. 324 T: (800) 633-8896 F: (502) 564-5657 Website (www.kyhousing.org) |
1231 Louisville Road Frankfort, Kentucky 40601 |
- Fair Housing Assistance - Homebuyer Education Programs - Predatory Lending - Prepurchase Counseling |
Kentucky Housing Corporation - Sub-Grantee of KHC | P: (502) 564-7630 ext. 324 T: (800) 633-8896 F: (502) 564-5657 Website (www.kyhousing.org) |
1231 Louisville Road Frankfort, Kentucky 70123 |
- Fair Housing Assistance - Homebuyer Education Programs - Loss Mitigation - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling |
Consumer Credit Counseling Service of the TRI | P: (812) 422-1108 T: (800) 451-6293 F: (812) 424-9050 |
435 First Street Henderson, Kentucky 42420 |
- Mortgage Delinquency and Default Resolution Counseling - Prepurchase Counseling - Renters Assistance |
Kentucky Legal Aid, Incorporated | P: (270) 782-5740 T: (866) 452-9243 F: (270) 782-5740 Website (www.klaid.org) |
110 Navajo Trail Hopkinsville, Kentucky 42240 |
- Mortgage Delinquency and Default Resolution Counseling - Prepurchase Counseling - Renters Assistance |
Bluegrass Domestic Violence Program | P: (859) 233-0657 F: (859) 519-1938 |
4400 Briar Hill Road Lexington, Kentucky 40516 |
- Homebuyer Education Programs |
CCCS of the Midwest | P: (800) 355-2227 T: (800) 355-2227 F: (614) 552-4800 Website (www.cccservices.com) |
2265 Harrodsburg Road Suite. 303 Lexington, Kentucky 40504 |
- Home Equity Conversion Mortgage Counseling - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling |
Community Reinvestment Alliance Of Lexington | P: (859) 231-7055 F: (859) 254-1195 |
498 Georgetown Street Suite 100 Lexington, Kentucky 40508 |
- Homebuyer Education Programs |
Community Ventures Corporation | P: (859) 231-0054 ext. 219 F: (859) 231-0261 Website (www.cvcky.org) |
1450 North Broadway Lexington, Kentucky 40505-3162 |
- Fair Housing Assistance - Home Improvement and Rehabilitation Counseling - Homebuyer Education Programs - Loss Mitigation - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance |
Reach, Inc. | P: (859) 455-8057 T: (800) 985-9271 F: (859) 455-7436 Website (www.reachky.com) |
733 Red Mile Road Lexington, Kentucky 40504 |
- Home Equity Conversion Mortgage Counseling - Homebuyer Education Programs - Loss Mitigation - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Prepurchase Counseling |
CCCS of the Midwest | P: (800) 355-2227 T: (800) 355-2227 F: (614) 552-4800 Website (www.cccservices.com) |
2100 Gardiner Lane Ste 103A Louisville, Kentucky 40205 |
- Home Equity Conversion Mortgage Counseling - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling |
CCCS of the Midwest | P: (800) 355-2227 T: (800) 355-2227 F: (614) 552-4800 Website (www.cccservices.com) |
11492 Bluegrass Parkway Louisville, Kentucky 40299 |
- Home Equity Conversion Mortgage Counseling - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling |
Louisville Urban League | P: (502) 566-3362 F: (502) 568-4663 Website (www.lul.org) |
1535 West Broadway Louisville, Kentucky 40203 |
- Fair Housing Assistance - Home Equity Conversion Mortgage Counseling - Homebuyer Education Programs - Loss Mitigation - Marketing and Outreach Initiatives - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance - Services for Homeless |
NID-HCA Sickles | P: (502) 966-9338 F: (502) 966-6040 Website (www.nidonline.org) |
3215 Fern Valley Road, Suite #106 Louisville, Kentucky 40213 |
- Fair Housing Assistance - Home Improvement and Rehabilitation Counseling - Homebuyer Education Programs - Loss Mitigation - Marketing and Outreach Initiatives - Mobility and Relocation Counseling - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance - Services for Homeless |
The Housing Partnership, Inc | P: (502) 585-5451 F: (502) 585-5568 Website (www.housingpartnershipinc.org) |
321 Guthrie Green Louisville, Kentucky 40202 |
- Home Equity Conversion Mortgage Counseling - Homebuyer Education Programs - Loss Mitigation - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling |
The Housing Partnership, Inc. - Louisville Branch | P: (502) 585-5451 ext. 703 F: (502) 585-5568 Website (www.housingpartnership.inc) |
NIA Center- 2900 West Broadway Louisville, Kentucky 40202 |
- Mortgage Delinquency and Default Resolution Counseling - Prepurchase Counseling - Renters Assistance |
Consumer Credit Counseling Service of the TRI | P: (800) 451-6293 F: (812) 424-9050 |
1002 1/2 Main St Madisonville, Kentucky 42431- |
- Mortgage Delinquency and Default Resolution Counseling - Prepurchase Counseling - Renters Assistance |
Kentucky Legal Aid, Incorporated | P: (270) 782-5740 F: (270) 825-0689 |
110 South Railroad Street, #120 Madisonville, Kentucky 42431 |
- Mortgage Delinquency and Default Resolution Counseling - Prepurchase Counseling - Renters Assistance |
Purchase Area Housing Corporation | P: (270) 247-7171 F: (270) 251-6110 Website (www.purchaseadd.org) |
1002 Medical Dr PO Box 588 Mayfield, Kentucky 42066-0588 |
- Home Equity Conversion Mortgage Counseling - Mortgage Delinquency and Default Resolution Counseling - Prepurchase Counseling - Renters Assistance |
Consumer Credit Counseling Service- Saint Lou | P: (270) 753-4200 T: (800) 966-3328 F: (314) 647-1359 |
The Village 1406 North 12th Street. Murray, Kentucky 42071- |
- Mortgage Delinquency and Default Resolution Counseling |
Brighton Center, Incorporated | P: (859) 491-8303 ext. 2324 F: (859) 491-8702 |
741 Central Ave Newport Ky 41071 Newport, Kentucky 41071 |
- Home Equity Conversion Mortgage Counseling - Homebuyer Education Programs - Loss Mitigation - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Prepurchase Counseling - Renters Assistance |
Consumer Credit Counseling Service of the TRI | P: (800) 451-6293 F: (812) 424-9050 |
920 Frederica St Ste 213 Owensboro, Kentucky 42301-3050 |
- Mortgage Delinquency and Default Resolution Counseling - Prepurchase Counseling - Renters Assistance |
Kentucky Legal Aid, Incorporated | P: (270) 782-5740 T: (866) 452-9243 F: (270) 683-3513 Website (www.klaid.org) |
117 West 2nd Street Owensboro, Kentucky 42301 |
- Mortgage Delinquency and Default Resolution Counseling - Prepurchase Counseling - Renters Assistance |
Consumer Credit Counseling Service- Saint Lou | P: (270) 443-7917 T: (800) 966-3328 F: (314) 647-1359 |
546 Lone Oak Rd, Suite 1 Paducah, Kentucky 42003-4538 |
- Mortgage Delinquency and Default Resolution Counseling |
Housing Authority Of Paducah | P: (270) 443-3634 ext. 226 F: (270) 444-0230 |
2330 Ohio Street Paducah, Kentucky 42003 |
- Fair Housing Assistance - Homebuyer Education Programs - Loss Mitigation - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance |
Kentucky Legal Aid, Incorporated | P: (270) 782-5740 T: (866) 452-9243 F: (270) 782-5740 Website (www.klaid.org) |
1122 Jefferson Street Paducah, Kentucky 42001 |
- Mortgage Delinquency and Default Resolution Counseling - Prepurchase Counseling - Renters Assistance |
CCCS of the Midwest | P: (800) 355-2227 T: (800) 355-2227 F: (614) 552-4800 Website (www.cccservices.com) |
US Bank Bldg 4th Floor 131 Main St. Pikeville, Kentucky 41501 |
- Home Equity Conversion Mortgage Counseling - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling |
Appalachian Research and Defense Fund of Kentucky | P: (606) 886-3876 ext. 29 T: (800) 556-3876 F: (606) 886-3704 Website (www.ardfky.org) |
120 North Front Avenue Prestonsburg, Kentucky 41653-1221 |
- Homebuyer Education Programs - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance - Services for Homeless |
The Housing Partnership, Inc. - Radcliff Branch | P: (502) 585-5451 ext. 703 F: (502) 585-5568 Website (www.housingpartnershipinc.org) |
881 N. Dixie Blvd. Radcliff, Kentucky 40160 |
- Fair Housing Assistance - Homebuyer Education Programs - Loss Mitigation - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance |
CCCS of the Midwest | P: (800) 355-2227 T: (800) 355-2227 F: (614) 552-4800 Website (www.cccservices.com) |
200 E Main St 2nd Floor Richmond, Kentucky 40475 |
- Home Equity Conversion Mortgage Counseling - Marketing and Outreach Initiatives - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling |
Potentials Inc | P: (606) 416-5711 | P.O. Box 3486 West Somerset, Kentucky 42564 |
- Fair Housing Assistance - Home Improvement and Rehabilitation Counseling - Homebuyer Education Programs - Loss Mitigation - Marketing and Outreach Initiatives - Mobility and Relocation Counseling - Money Debt Management - Mortgage Delinquency and Default Resolution Counseling - Postpurchase Counseling - Predatory Lending - Prepurchase Counseling - Renters Assistance - Services for Homeless |
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HUD is the nation's housing agency committed to increasing homeownership, particularly among minorities;
creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development and enforces the nation's fair housing laws. More information about HUD and its programs is available on the
Internet and espanol.hud.gov.