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NACA demands help with mortgage modifications on Capitol Hill

NACA members from the state of Maryland went to Senator Barbara Mikulski's office at the Capitol Hill on July 27, 2010, to advocate for ...

Adam Hall promoted to community economic development manager for Fifth Third Bank

LOUISVILLE   (July 25, 2017)  Adam Hall has been named as the community economic development manager for Louisville and the northwest Kentuckiana communities, Fifth Third Bank announced on Tuesday.

Hall’s primary role is to collaborate with community and business leaders to deliver holistic solutions which address a community’s most important needs.

Since 2011, Hall served as the region’s community development relationship manager. Hall joined Fifth Third Bank in 2006 as a mortgage loan officer. Prior to joining Fifth Third, Hall assisted consumers with residential financing and specialized in affordable mortgage solutions.

“Adam brings a wealth of experience to his new role.  He is passionate about Fifth Third Bank’s community commitment and works tirelessly to implement financial education, community lending and small business programs,” said Regional President Mike Ash.

Hall also works with New Directions Housing Corporation where he serves as the board chair and is an active member of both the finance committee and Dream Builders Team. In addition, he serves as the treasurer for the Family Scholar House.

Detroit, Southwest Solutions team up on affordable housing

The city of Detroit has tapped Southwest Solutions to help develop a plan for people illegally living in tax-foreclosed properties in the Fitzgerald neighborhood.

It's also asked Southwest to assist with a plan for residents of 110 affordable rental houses built around 2001 in the Brightmoor and Chadsey-Condon neighborhoods, and the units themselves, following the expiration of tax credits on the houses which came with the requirement that they be affordable.

The pilots are expected to serve as a guide for city-led revitalization in other neighborhoods.

To handle both projects, Southwest will provide an array of services, including rapid rehousing services, financial and home buyer counselors and mortgage lending services. Through its housing subsidiary, it will also offer rehabilitation specialists to renovate housing to get it ready to go back on the market.

As the city evaluated the revitalization work planned, "it really became clear that in order to engage the whole neighborhood ... we needed to try this particular service-enriched approach that Southwest has more experience doing than just about anybody else in the area," said Arthur Jemison, director of housing and revitalization for the city of Detroit.

Is there a point to having a barely affordable mortgage...?

and living in a nice house in a good area, but you know that if anything were to go wrong you would not make the payments. Any solutions? The cost of houses is ridiculous these days, it's hard enough getting a house in any area let alone a nice one.

I agree with your answers, but I just went mad last year, and rented out my house to totally pay off the mortgage, and stayed on my small boat in the meantime.
Result ?