New Jersey A5169 authorizes HMFA to reimburse pre-purchase homebuyer counseling under the Foreclosure Mediation Assistance Program.

New Jersey A5169 amends the Foreclosure Mediation Assistance Program to authorize the New Jersey Housing and Mortgage Finance Agency (HMFA) to provide reimbursements for pre-purchase homebuyer counseling. This expansion aims to reduce foreclosure incidences among homebuyers by offering early intervention services. The program, which already supports pre-foreclosure counseling, will now also include pre-purchase counseling, leveraging the expertise of trained counselors.

New Jersey A5169 authorizes HMFA to reimburse pre-purchase homebuyer counseling under the Foreclosure Mediation Assistance Program.

New Jersey A5169 amends the Foreclosure Mediation Assistance Program to authorize the New Jersey Housing and Mortgage Finance Agency (HMFA) to provide reimbursements for pre-purchase homebuyer counseling. This expansion aims to reduce foreclosure incidences among homebuyers by offering early intervention services. The program, which already supports pre-foreclosure counseling, will now also include pre-purchase counseling, leveraging the expertise of trained counselors.