BAYTOWN TEXAS NEWS AND BLOG


Latest News - BAYTOWN TEXAS

No. 8 Texas skid continues with 58-57 loss to Iowa State


AUSTIN, Texas (AP) — A little more than two weeks ago, the Texas Longhorns were off to their best start in 29 years and the program's highest national ranking since 2004. They were 13-0, No. 3 in the poll, and angling to become a national power again.

US oil glut grows as refinery closures cut demand


Refineries used the least crude since April 2013 as plants including Exxon Mobil Corp's Baytown, Texas, and BP's Whiting, Indiana, suffered unplanned shutdowns. Inventories were poised to expand even more as other plants began seasonal maintenance later ...

Kenneth Allen Moats


Kenneth Allen Moats, of Enid, Okla., passed away Thursday, Jan. 22, 2015, following a short illness. Ken was born July 30, 1949, in Baytown, Texas, to Kenneth Harlan Moats and Thelma (Cowan) Moats. Ken graduated from Enid High School and attended ...

3 arrested, 1 on the run after Whataburger robbery


BAYTOWN, Texas - Police are looking for one suspect after arresting three others for an aggravated robbery at a Whataburger in Chambers County. Around 2 a.m. Friday, two black males walked into the fast food restaurant on Hwy 146 and ordered employees to ...

H.S. Girls Hoops 22-5A Central 57 Baytown Lee 20


H.S. Football 4A-II State Semifinals WO-Stark 42 Sinton 21 H.S. Football 3A-II State Semifinals Newton 48 Blanco 21 Oxford City FC Texas looking for revenge Saturday vs Tulsa H.S. Boys Basketball - HJ Marathon Hardin-Jefferson 89 Shepherd 38 H.S. Boys ...

Increased Houston Apartment Supply Continues Downward Push on Occupancy


DALLAS, TX--(Marketwired - January 23, 2015) - The Houston-Baytown-Sugar Land, TX Metropolitan Statistical Area (MSA) ended the year with occupancy lower than the national average, though rent growth was steady. According to Axiometrics, the leader in ...

3,400 eighth graders attend interactive job awareness fair at Lee College


Every eighth grade student from Goose Creek ISD, Barbers Hill ISD, Crosby ISDD, Hardin ISD, Liberty ISD, Dayton ISD, and Hull-Daisetta ISD will be bused (approximately 1,100 each day) to Lee College in Baytown, TX for the three-day long event. During that ...

Mother warns drivers after deadly wreck killed son


THE DRIVER OF THE PT CRUISER IS ALSO STILL IN THE HOSPITAL. BAYTOWN, Texas - A man is dead and two others seriously injured after a head-on collision around 4:30 a.m. Sunday in Baytown. The crash happened on John Martin Road near Interstate 10. Police said ...

Exxon says 100,000-bpd Baytown crude unit restarted after work


HOUSTON: Exxon Mobil Corp said on Monday that a 100,000 barrel per day (bpd) crude distillation unit has restarted and returned normal operation after two weeks of planned maintenance at its 560,500 bpd Baytown, Texas, refinery. The unit was shut on Jan. 4 ...

Norco school staff reunites missing Texas man with family


A missing 87-year-old Texas man, who unknowingly drove more than 300 miles to St. Charles Parish, was reunited with his family thanks to office personnel at Norco Elementary School. Gerald Zeringue was last seen by his family in Baytown, Texas at 6 a.m. on ...




SPECIAL INFORMATION FOR BAYTOWN

Capital to small businesses and entrepreneurs in BAYTOWN

The U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI) today released a new Quarterly Report detailing how the program continues to help small businesses grow and create jobs. Since the beginning of the program, the Treasury Department has disbursed more than $1.1 billion to participating states.

“Through the State Small Business Credit Initiative, the Treasury Department, states, and private sector lenders and investors are supporting small businesses and creating a lasting impact on the economy,” said Clifton Kellogg, Director of the SSBCI program. “More than $1 billion in State Small Business Credit Initiative funds have been distributed, making a real difference at the local level. Because of these funds, businesses have been able to buy new equipment, expand their facilities, and hire workers.”

Small businesses and entrepreneurs need capital to build their businesses, and SSBCI is designed to help spur new private sector lending or investment in small companies by leveraging private capital along with the federal support offered by the program. Through SSBCI, the Treasury Department will award nearly $1.5 billion to state programs across the country that support small businesses, including small manufacturers. SSBCI funding is not repaid by participating states to the federal government. Instead, to help even more small businesses, repaid loans and investments remain with participating states to be redeployed locally. The SSBCI Quarterly Report shows that as of September 2014, participating states have recycled more than $60 million to support additional investments.

States have made considerable progress in deploying these funds to support economic growth locally. The states that have deployed the most SSBCI funds by percentage of allocation include: North Dakota (Mandan Consortium), Idaho, Arkansas, Colorado, Montana, South Carolina, New Hampshire, Michigan, Kansas, and Alabama. The states that have deployed the most SSBCI funds by dollar amount include: California, Michigan, Florida, Illinois, Alabama, North Carolina, Texas, New York, Ohio, and Georgia.

SSBCI was created when President Obama signed into law the Small Business Jobs Act on September 27, 2010. The Treasury Department awarded allocations to all fifty states by early 2012, based on a formula set by the Small Business Jobs Act that considered population and unemployment levels. Each state designs its own small business programs, and five types of programs are eligible for SSBCI funds: Capital Access Programs, Loan Guarantee Programs, Loan Participation Programs, Collateral Support Programs, and Venture Capital Programs. In the SSBCI 2013 Annual Report business owners reported that more than 95,000 jobs will be created or saved as a direct result of SSBCI support. [23]



BAYTOWN TEXAS tspan:3m BAYTOWN TEXAS




Avoiding Foreclosure in BAYTOWN

The Obama Administration has implemented a number of programs to assist homeowners who are at risk of foreclosure and otherwise struggling with their monthly mortgage payments. The majority of these programs are administered through the U.S. Treasury Department and HUD. This page provides a summary of these various programs. Please continue reading in order to determine which program can best assist you.

Please read FHA's brochure, "Save Your Home:  Tips to Avoid Foreclosure," also published in   Spanish,  Chinese and  Vietnamese.

Making Home Affordable

The Making Home Affordable © (MHA) Program is a critical part of the Obama Administration's broad strategy to help homeowners avoid foreclosure, stabilize the country's housing market, and improve the nation's economy.

Homeowners can lower their monthly mortgage payments and get into more stable loans at today's low rates. And for those homeowners for whom homeownership is no longer affordable or desirable, the program can provide a way out which avoids foreclosure. Additionally, in an effort to be responsive to the needs of today's homeowners, there are also options for unemployed homeowners and homeowners who owe more than their homes are worth. Please read the following program summaries to determine which program options may be best suited for your particular circumstances.

Modify or Refinance Your Loan for Lower Payments

  • Home Affordable Modification Program (HAMP): HAMP lowers your monthly mortgage payment to 31 percent of your verified monthly gross (pre-tax) income to make your payments more affordable. The typical HAMP modification results in a 40 percent drop in a monthly mortgage payment. Eighteen percent of HAMP homeowners reduce their payments by $1,000 or more. Click Here for more information.
  • Principal Reduction Alternative (PRA): PRA was designed to help homeowners whose homes are worth significantly less than they owe by encouraging servicers and investors to reduce the amount you owe on your home. Click Here for more information.  
  • Second Lien Modification Program (2MP): If your first mortgage was permanently modified under HAMP SM and you have a second mortgage on the same property, you may be eligible for a modification or principal reduction on your second mortgage under 2MP. Likewise, If you have a home equity loan, HELOC, or some other second lien that is making it difficult for you to keep up with your mortgage payments, learn more about this MHA program. Click Here for more information.
  • Home Affordable Refinance Program (HARP): If you are current on your mortgage and have been unable to obtain a traditional refinance because the value of your home has declined, you may be eligible to refinance through HARP. HARP is designed to help you refinance into a new affordable, more stable mortgage. Click Here for more information.

“Underwater” Mortgages

In today's housing market, many homeowners have experienced a decrease in their home's value. Learn about these MHA programs to address this concern for homeowners.

  • Home Affordable Refinance Program (HARP): If you are current on your mortgage and have been unable to obtain a traditional refinance because the value of your home has declined, you may be eligible to refinance through HARP. HARP is designed to help you refinance into a new affordable, more stable mortgage. Click Here for more information.
  • Principal Reduction Alternative: PRA was designed to help homeowners whose homes are worth significantly less than they owe by encouraging servicers and investors to reduce the amount you owe on your home. Click Here for more information.  
  • Treasury/FHA Second Lien Program (FHA2LP): If you have a second mortgage and the mortgage servicer of your first mortgage agrees to participate in FHA Short Refinance, you may qualify to have your second mortgage on the same home reduced or eliminated through FHA2LP. If the servicer of your second mortgage agrees to participate, the total amount of your mortgage debt after the refinance cannot exceed 115% of your home’s current value. Click Here for more information.

 Assistance for Unemployed Homeowners

  • Home Affordable Unemployment Program (UP): If you are having a tough time making your mortgage payments because you are unemployed, you may be eligible for UP. UP provides a temporary reduction or suspension of mortgage payments for at least twelve months while you seek re-employment. Click Here for more information.
  • Emergency Homeowners’ Loan Program (EHLP):  Click Here for more information about EHLP assistance provided in your state.
  • FHA Special Forbearance: If you are having difficulty making mortgage payments because you are unemployed and have no other sources of income, you may be eligible for FHA's Special Forbearance.  FHA now requires servicers to extend the forbearance period, by offering a reduced or suspended mortgage payment for up to twelve months, for FHA borrowers who qualify for the program. Click Here for more information.

Managed Exit for Borrowers

  • Home Affordable Foreclosure Alternatives (HAFA): If your mortgage payment is unaffordable and you are interested in transitioning to more affordable housing, you may be eligible for a short sale or deed-in-lieu of foreclosure through HAFA SM. Click Here for more information.
  • “Redemption”is a period after your home has already been sold at a foreclosure sale when you can still reclaim your home. You will need to pay the outstanding mortgage balance and all costs incurred during the foreclosure process.

Contact Your Lender

If you are experiencing difficulties making your mortgage payments, you are encouraged to contact your lender or loan servicer directly to inquire about foreclosure prevention options that are available. If you are experiencing difficulty communicating with your mortgage lender or servicer about your need for mortgage relief, there are organizations that can help by contacting lenders and servicers on your behalf. 

 

Assistance for FHA-Insured Homeowners

The Federal Housing Administration (FHA), which is a part of the U.S. Department of Housing and Urban Development (HUD), is working aggressively to halt and reverse the losses represented by foreclosure. Through its  National Servicing Center (NSC), FHA offers a number of various loss mitigation programs and informational resources to assist FHA-insured homeowners and home equity conversion mortgage (HECM) borrowers facing financial hardship or unemployment and whose mortgage is either in default or at risk of default.

  • Click Here to log onto the NSC Loss Mitigation Programs home page.
  • Click Here for answers to Frequently Asked Questions about FHA’s loss mitigation programs.

Contact FHA

FHA staff are available to help answer your questions and assist you to better understand your options as an FHA borrower under these loss mitigation programs. There are several ways you can contact FHA for more information, including:

  • Call the National Servicing Center at (877) 622-8525
  • Call the FHA Outreach Center at 1-800-CALL FHA (800-225-5342)
  • Persons with hearing or speech impairments may access this number via TTY by calling the Federal Information Relay Service at (800) 877-8339.
  • Email the FHA Resource Center
  • The Online FHA Resource Center

[11]



Save Money on Homeownership in BAYTOWN

Watch on YouTube

President Obama and Secretary of Housing and Urban Development Julián Castro visited Phoenix, Arizona this afternoon to put a spotlight on the recovering housing sector.

Restoring security to homeownership has always been one of the President's top economic priorities, and the results are clear -- the housing market has greatly improved since President Obama took office.

The President’s push for new consumer protections and tough enforcement on abuses have given Americans more confidence in investing in homeownership:

  • Home sales are up.
  • Home building has more than doubled since 2009.
  • Home values have risen for the past three years.

But there's more work to do. Mortgages need to be more accessible and affordable for creditworthy families.

That's why today, at Central High School in Phoenix, the President announced a responsible reduction in the Federal Housing Administration’s (FHA) Mortgage Insurance Premium program. The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage points, from 1.35 percent to 0.85 percent.

The President’s new proposal to reduce the fees associated with buying a home would help first-time homebuyers save an average of $900 on their annual mortgage payment. More people buying homes would also strengthen the market, helping everyone who already owns a home.

In Phoenix today, President Obama explained that homeownership was a dream that should be open to all Americans. Not only will the President’s actions help numerous families realize the American Dream and get a place they can finally call home, but millions of families will save billions of dollars in mortgage payments in the coming years, helping to support and stabilize the housing market recovery.

President Obama delivers remarks on housing at Central High School in Phoenix

President Barack Obama delivers remarks on housing at Central High School in Phoenix, Az., Jan. 8, 2015. [31]








We selected BAYTOWN TEXAS LAST NEWS AND IMPORTANT ISSUES. Share!

Feed Widget


If people in the media cannot decide whether they are in the
business of reporting news or manufacturing propaganda,
it is all the more important that the public understand
that difference,and choose their news sources accordingly.
Thomas Sowell

Newsof.org. Selected the top stories of the city of BAYTOWN TEXAS. Political events, traffic accidents on highways, downtown events, neighborhoods and inside. Also researched local newspapers and social networks, as well as the site of City Hall. Crimes, are always subject to demand generally for information. Also the tragedies and disasters such as fires, floods, flooding, rain, hail and winds. Tags: Breaking News, BAYTOWN TEXAS, City, Indoors, Monday, Tuesday, Wednesday, Thursday , Friday, Saturday, Sunday, Car, Crash, Elections, Beating, Accident, Crime, Police, Criminal, Police, Road, Highway Access, Elections, Party, Hail, Rain, Flood, Anniversary, Award, Month, Week End , Today, Yesterday, Female, Male, Family, Child, People.