ACORN has announced an agreement it's reached with the country's largest subprime mortgage company. Countrywide said it will streamline and standardize the programs it offers to modify troublesome loans.
"We need a standardized process to fix the thousands of thousands of home foreclosures we see in Philadelphia and the millions we're about to see in 2008 across the country," said Ian Phillips of ACORN.
Acorn said the Countrywide agreement is designed to help customers more easily fix their mortgage problems. Countrywide has been accused of changing its loan modification programs too frequently, even from day to day, making it difficult for borrowers to find one program that suits their needs.
Peco is sending letters to 100-thousand customers who are delinquent on their accounts and may be eligible for federal help. The mailing includes a notice of possible termination needed for a crisis grant.
Liheap recipients are now eligible for a total of 500-dollars which means you can apply for 200-dollars more even if you've already received 300-dollars.
Call 1-800-34-HELP-4 or click herefor more information.
Mailing a letter will soon cost an extra penny. A first class stamp will cost 42-cents starting May 12th. Forever stamps will be good for first class postage even after the rate increase takes effect.
The government is investigating reports of engine fires in some of G-M's full size SUVs. The National Highway Traffic Safety Administration has received two reports of fires on 2007 model year Chevrolet Tahoe SUVs. Both reports allege the fires occurred when the vehicles were parked in a garage with the engine off.
The investigation involves about 423-thousand SUVs and also includes the 2007 GMC Yukon.
G-M said it is cooperating with the government and did not have this on its radar or see anything that would suggest a pattern.
Meantime, Ford recalled thousands of SUVs and vans on Monday. The two separate recalls involve interior door handles and fuel hoses.
For more information:
Ford Recall
