HUD Archives: News Releases


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:

  1. 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.

  2. 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
Email
Website
Address Counseling Services
CCCS of the Midwest P: (800) 355-2227
T: (800) 355-2227
F: (614) 552-4800
Email
Website
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
Email
Website
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
Email
Website
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
Email
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
Email
Website
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
Email
Website
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
Email
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
Email
Website
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
Email
Website
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
Email
Website
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
Email
Website
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
Email
Website
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
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
Email
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
Email
Website
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
Email
498 Georgetown Street
Suite 100
Lexington, Kentucky 40508
- Homebuyer Education Programs
Community Ventures Corporation P: (859) 231-0054
ext. 219
F: (859) 231-0261
Email
Website
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
Email
Website
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
Email
Website
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
Email
Website
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
Email
Website
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
Email
Website
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
Email
Website
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
Email
Website
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
Email
Website
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

n/a
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
Email
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
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
Email
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
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
Email
Website
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
Email
Website
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
Email
Website
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
Email
Website
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
Email
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

###

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.

 

 
Content Archived: March 11, 2011