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Leaders Host Home Refinancing Roundtable

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(Photo credit  JEWEL SAMAD/AFP/Getty Images)

(Photo credit JEWEL SAMAD/AFP/Getty Images)

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(Las Vegas, NV) — Las Vegas Mayor Carolyn G. Goodman and community stakeholders will engage in active dialogue on how to better educate the public on the resources currently available for home mortgage refinancing.

Mayor Goodman was joined by representatives from the Las Vegas Housing & Urban Development Office, NAACP, Community Services of Nevada, Fannie Mae, Housing for Nevada, Financial Guidance Center, Legal Aid of Southern Nevada, Nevada Housing Division, local homeowners and financial institutions.

KXNT talked with Dr. Lisa Morris-Hibbler about how things continue to change in the foreclosure and refinance process. ” The biggest change is that the loan to value, which before was a barrier, because we have substantial loss here. That has been removed and people who are underwater can qualify for refinancing.”

Following the discussion, Mayor Goodman sent a letter to the White House Office of Intergovernmental Affairs and the Nevada federal legislative delegation, urging them to implement plans that will increase access to refinancing for homeowners with non-Fannie Mae or Freddie Mac mortgages, and any other needed changes.

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