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Category Archives: News

State Announces $170M for Rental & Utility Assistance

State Announces $170M for Rental and Utility Assistance Assistance is for households experiencing financial hardship due to COVID-19 SANTA FE – The state of New Mexico will grant approximately $170M of federal aid to New Mexicans for rental and utility assistance to households experiencing financial hardship due to the COVID-19 outbreak. The Department of Finance […]

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Updated Federal Mortgage Deadlines

FEDERAL MORTGAGE DEADLINES: Loan Type Moratorium Expires Announced FHA June 30, 2021 Feb 16, 2021, Mortgagee Letter 2021-05 VA June 30, 2021 Feb 16, 2021, https://blogs.va.gov/VAntage/84744/va-extends-existing-moratoriums-evictions-foreclosures-extends-loan-forbearance-opportunities/ USDA June 30, 201 Feb 16, 2021, https://www.rd.usda.gov/coronavirus Fannie Mae June 30, 2021 Feb 26, 2021 LL 2021-02 https://singlefamily.fanniemae.com/media/24891/display Freddie Mac June 30, 2021 Feb 25, 2021 https://guide.freddiemac.com/app/guide/bulletin/2021-8 If […]

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New Mexico Mortgage Finance Authority COVID-19 Housing Cost Assistance Program

New Mexico Mortgage Finance Authority COVID-19 Housing Cost Assistance Program MFA will be accepting COVID housing assistance program applications starting tomorrow, March 4, 2021 at 8 a.m. More information about this program can be found here: http://www.housingnm.org/static/covid-assistance

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FHA Extends its Foreclosure and Eviction Moratoria and Expands Temporary COVID-19 Forbearance and Servicing Polices to Provide Additional Homeowner Relief

FHA Extends its Foreclosure and Eviction Moratoria and Expands Temporary COVID-19 Forbearance and Servicing Polices to Provide Additional Homeowner Relief Recognizing the financial and other hardships many individuals and families are facing due to the ongoing COVID-19 pandemic, the Federal Housing Administration (FHA) is expanding its relief efforts to assist homeowners with FHA-insured mortgages. In […]

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2021 Medicare Savings Programs Eligibility

GOOD NEWS FOR LOW INCOME MEDICARE BENEFICIARIES: EFFECTIVE JANUARY 1, 2021, ELIGIBILITY FOR THE MEDICARE SAVINGS PROGRAMS IS BASED SOLELY ON INCOME.  IT IS NO LONGER NECESSARY TO SATISFY RESOURCE (A/K/A ASSETS) STANDARDS TO BECOME ELIGIBLE The “Medicare Savings Programs” are Medicaid coverages that help low-income Medicare beneficiaries with out-of-pocket costs.  The three most important […]

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Second Round of Economic Impact Payments (Stimulus Payments)

The IRS has started sending out the next round of stimulus payments. Each adult who makes less than $75,000 for an individual or $150,000 for a couple should receive $600 per person. The IRS states that you do not need to do anything to receive this payment. If you received an automatic deposit before, you […]

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Impact of Social Security’s Cost-of-Living-Adjustment for 2021

SOCIAL SECURITY’s 1.3% COLA FOR 2021 IMPACTS SEVERAL BENEFIT PROGRAMS Late last month the federal Social Security Administration announced a comparatively modest 1.3 % “Cost-of-Living-Adjustment” (COLA) increase in Social Security benefits for 2021.  As one measure of inflation, this COLA has clearly been impacted by the economic fallout of the COVID-19 pandemic. For Social Security […]

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Mortgage and Rental Assistance Available Now From NM Mortgage Financial Authority

NM MFA Mortgage and Rental Assistance IMPORTANT UPDATE:  If a tenant applied for rental assistance in November but was denied because they could not provide a lease document or evidence of hardship, MFA SAYS:  APPLY AGAIN.   MFA has changed its document requirements and tenants no longer have to provide a written lease or evidence of […]

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https://www.cabq.gov/coronavirus-information/community-resources-during-covid

Please go to:  https://www.cabq.gov/coronavirus-information/community-resources-during-covid

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ALERT: Nursing Home and Assisted Living Facility Residents—YOUR STIMULUS PAYMENTS BELONG TO YOU!

ALERT: Nursing Home and Assisted Living Facility Residents—YOUR STIMULUS PAYMENTS BELONG TO YOU! Over the past two and a half months, the IRS has sent out more than a million federal “stimulus” payments to New Mexicans.  Authorized by a federal law called the “CARES” Act, these payments are officially called “Economic Impact Payments” (EIPs).  They […]

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