July 20, 2011
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Maryland Department of Housing and Community Development


Maryland Department of Housing and Community Development Secretary Raymond A. Skinner reiterated today that homeowners have until mid-September to submit their application to the state's Emergency Mortgage Assistance Program.   The reminder comes as the deadline for a similar program by the U.S. Department of Housing and Urban Development and NeighborWorks fast approaches. Under HUD's Emergency Homeowners' Loan Program, Pre-Applicant Screening Worksheets are due by July 22. Launched in June, the EHLP is designed to help homeowners who are at risk of foreclosure in 27 states across the country, including Washington, DC and Puerto Rico.
In October 2010, HUD made a separate announcement of awards to five states including Maryland that would go to the creation of individual loan programs aimed at assisting homeowners who have lost income and are behind on their mortgage payments. In April, Governor Martin O'Malley announced that Maryland's $39 million award would be distributed through its Emergency Mortgage Assistance Program. The EMA program assists homeowners who are facing foreclosure due to job loss or a decrease in wages, including those who lost income due to illness. Loans are provided in the payment of up to 12 months of arrears, including delinquent taxes and insurance, and up to 24 months going forward, with a maximum combined total of $50,000. The deadline for Maryland's EMA program is September 30, at which time loan applications must be approved and funds must be committed. Because the EMA application process takes an average of two weeks, homeowners are encouraged to submit their applications no later than mid-September to ensure a full and fair review.
"Maryland's EMA Program can be such an important resource for many homeowners that we wanted to clear up any confusion about HUD's deadline and our deadline," said Secretary Skinner. "We continue to encourage every homeowner who has involuntarily lost employment and who's behind in his or her mortgage to learn more about EMA and seek help from one of the many approved housing counseling agencies around the state."
Prospective applicants must meet certain prequalification requirements. Homeowners will be able to access assistance in completing their application by working with specially trained housing counseling agencies approved by DHCD as well as at various foreclosure prevention events.
For more details on Maryland's Emergency Mortgage Assistance Program or to find a housing counseling agency near you or an upcoming EMA event, please visit the HOPE website at www.mdhope.org<http://www.mdhope.org> or call the HOPE hotline (877) 462-7555.