of Loss Mitigation - 2016-R-0334
Describe "judgment of loss mitigation," the judicial alternative to
foreclosure created by
Force-Placed Insurance - 2015-R-0145
If a homeowner does not insure his or her home, the mortgage servicer
or lender may "force-place" insurance on the home. In such instances,
the homeowner is responsible for the premiums.
Short Sales - 2013-R-0400
You asked for a summary of
the potential impact of requiring banks to (1) set a floor on any given
short sale price in Connecticut and (2) accept or reject offers above
that threshold within a certain time period.
Modification Programs in Connecticut
You asked for a summary of mortgage modification programs available
in Connecticut, particularly those under the Federal Housing Finance
Authority (FHFA). This report identifies some of the main programs that
are available in Connecticut.
Programs - 2012-R-0258
asked for information about various foreclosure prevention programs
offered by the U.S. Dept of Housing and Urban Development (HUD).
Refinance Program (HARP) -
You asked for information on the federal Home Affordable Refinance
Mediation Program - 2011-R-0331
You asked a series of questions about the foreclosure mediation
program. The questions and answers appear below.
More information about the program is available at
State & Federal
Mortgage Assistance Program -
You asked for a report on state and federal
programs available to assist residents in paying their mortgages. This report updates OLR report
Prevention Programs In Public Act 08-176 & Public Law 110-289
You asked for a summary of the foreclosure prevention programs in
recently passed Connecticut and federal laws and how borrowers can
You asked  for a brief history of
the Connecticut Housing Finance Authority's [CHFA] Emergency Mortgage
Assistance Program,  for information about Pennsylvania's Mortgage
Assistance Program,  for data on the recent increase in foreclosure
rates, and  about Connecticut's foreclosure prevention law.