Daily Archive: September 6, 2013

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Business

Program returns foreclosed borrowers to homeownership

CHARLENE CROWELL (NNPA)–In the aftermath of more than 2.5 million foreclosures, the Federal Housing Administration (FHA) is now offering a homeownership program that will put previously troubled borrowers on a fast-tracked return to the home ownership market. The new program, known as “Back to Work—Extenuating Circumstance,” cuts the standard three-year waiting period to only 12 months. According to Charles Coulter, HUD’s Deputy Assistant Secretary for Single Family Housing, “We understand that families occasionally experience financial difficulties that are simply beyond their control. We already have a policy allowing for exceptions to this waiting period when there is an extraordinary life event. This Mortgagee Letter is a targeted expansion of that policy.

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Business

How to use social media for job searches

(NNPA)—Most professional job searches these days are at least started on the Internet. Yes, the big job boards are worth trolling, but if you’re a serious job hunter, you need more information than just a job posting—you need to dig deeper to research and network before you blindly shoot off a resume. And that’s where online networking sites can step up your game.