McLean, VA – Freddie Mac (NYSE: FRE), NewAlliance Bank and Mutual Housing Association of Southwestern Connecticut are pleased to announce that they are working together to offer informative workshops that demystify the homeownership process for families in the Southwestern Connecticut.

Connecticut Awarded $745,000 in Grants for Affordable Housing

BOSTON, Nov. 29 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded $745,000 in grants to fund 57 units of affordable housing in Bridgeport, Meriden, and New London. In all, 25 New England initiatives received more than $16 million in grants, loans, and rate subsidies as part of the Bank's Affordable Housing Program (AHP) to create or preserve 674 rental and ownership units for very low-, low-, and moderate-income individuals and families.

Data: U.S. Rep. Courtney Can Act to Save 603 Homes in Congressional District from...

NORWICH, Conn., Nov. 26 /PRNewswire-USNewswire/ -- There is promising news today for distressed homeowners in the Norwich-Enfield area. The National Association of Consumer Bankruptcy Attorneys (NACBA) is estimating that Congressman Joe Courtney can give 603 homeowners in his Congressional District a fighting chance to save their homes from foreclosure during the current mortgage crisis.

Governor Rell Unveils $50 Million “CT FAMLIES” Refinancing Program to Assist Subprime Borrowers

Governor M. Jodi Rell today announced “CT FAMLIES” -- a new $50 million refinancing program to address the subprime mortgage crisis in Connecticut. There are approximately 71,000 active sub-prime mortgages in Connecticut and many are delinquent and in danger of default. Approximately 21,000 of these adjustable rate (sub-prime) mortgages are scheduled to reset at much higher rates between October 2007 and December 2009.

State offers $50m in subprime relief

Gov. M. Jodi Rell on Thursday announced the state is throwing a $50 million lifeline to subprime borrowers in danger of losing their homes. Rell said the Connecticut Housing Finance Authority will create the $50 million CT Families fund to refinance subprime loans for those who qualify. The money comes from previously issued bonds.

Governor Rell Receives Progress Update from Sub-Prime Mortgage Task Force

Governor M. Jodi Rell today announced she has received an update from her Sub-Prime Mortgage Task Force, which was formed to help Connecticuthomeowners affected by the slump in the credit market.

Mortgage woes lead to more foreclosures

Connecticut's foreclosure filings declined between June and July, but the number is still up for the year so far and is approximately 100 percent higher than the July 2006 filings.Nationally, the number of foreclosure filings last month jumped 93 percent from July 2006 and rose 9 percent from June, the latest sign homeowners are having trouble making payments and finding buyers during the national housing downturn.


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