Homecomings Extends Mortgage Relief

Homecomings Financial Network Inc., Dallas, has announced an extension (for an unspecified period) of its mortgage relief for families most affected by Hurricane Katrina.For homeowners whose homes were flooded, Homecomings said it will continue to waive fees and penalties, suspend foreclosure activity, forgo collection actions, and cease negative credit reporting. In addition, the company said it is working on a case-by-case basis to provide various assistance options, including a special loan modification program. Homecomings is a business unit of Residential Capital Corp.'s U.S. Residential Finance Group, which can be found on the Web at https://www.rescapholdings.com.