State Uses Bank Settlement for Emergency Mortgage Program

HEMAP applications are now being accepted for state homeowners in financial trouble.

  Gov. Tom Corbett last week announced that Pennsylvania has received the $66.5 million cash portion of the previously announced $25 billion state-federal settlement with the nation’s five largest mortgage loan servicers. According to a release, Pennsylvania’s share of this money will be used to assist homeowners with various housing issues, most notably with home foreclosure, through the Homeowners’ Emergency Mortgage Assistance Program, or HEMAP. “With the receipt of these funds, HEMAP will now begin accepting applications,” Corbett said. “The foreclosure prevention assistance provided by HEMAP directly helps families in danger of foreclosure. This multi-year funding for HEMAP will not only help troubled homeowners, but will play a role …

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Bensalem Couple Featured in N.Y. Times Foreclosure Story

Robert and Amy Ahleman's successful recovery from the brink of foreclosure is not the norm, the times reported.

Robert Ahleman, a construction contractor, and his wife Amy, a financial services employee, who live on Bowman Street in Bensalem, were featured in a New York Times story on the country's foreclosure problem. The Ahleman's story of recovery from the brink of forecloser is not the norm in today's economy, the Times reported. The couple was first featured by the Times two years ago when they were in big financial trouble. Since then, they've had their mortgage modified and are in better shape. Click here to read the complete story courtesy of the New York Times.