Category Archives: hud

Tight Deadline For Homeowner Help

Report: The timeline for applying for the $58 million earmarked for Minnesota is tight, said Katy Lindblad, an assistant commissioner at the Minnesota Housing Finance Agency. The state will finish its plan by mid-November; federal officials will have it by … Continue reading

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HUD’s Hope For Homeowners Program

Report: You’re eligible if •The home is your primary residence, and you have no ownership interest in any other residential property. •Your mortgage was originated on or before Jan. 1, 2008, and you have made at least six payments. •You … Continue reading

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Give HUD A Makeover

From AHF: While Congress has created new programs, the government has failed to operate existing programs effectively. The Department of Housing and Urban Development (HUD) lacks a comprehensive strategy for revitalizing the nation’s portfolio of public housing. Give HUD an … Continue reading

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HUD Strives To Reduce Foreclosures

From Boston.com: Struggling homeowners with plummeting property values may now be able to avoid foreclosure by refinancing their mortgages through a new federal program, the Department of Housing and Urban Development said yesterday. HUD Secretary Steve Preston unveiled the so-called … Continue reading

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HUD Help For Homeowners

From Newsday: Homeowners struggling to avoid foreclosure have a potential new lifeline: Hope for Homeowners, outlined yesterday by the Department of Housing and Urban Development to allow strapped borrowers to refinance their mortgages into federally insured lower-rate, 30-year fixed loans. … Continue reading

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Boosting The Mortgage Market

Report: Rolled out by the Department of Housing and Urban Development, the program will help homeowners refinance their mortgages through a more affordable government-back mortgage. The program is part of the housing rescue bill passed in summer which insured $300 … Continue reading

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Buying A HUD Home

HUD = Housing and Urban Development department of the U.S. government. Tracey Rumsey writes in her book Saving the Deal: * HUD does not automatically provide title insurance for your buyer. Most buyers want an owner’s policy. Make sure your … Continue reading

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Knock Down HUD

From the New York Times: WITH the nation embroiled in a housing crisis, one would expect the Department of Housing and Urban Development to be playing a central role. But HUD is a marginal player. Although its Federal Housing Administration … Continue reading

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Washington Post Investigates HUD

Carol D. Leonnig writes about the Department of Housing and Urban Development. HUD Secretary Alphonso Jackson is accused by critics of trying to get people into homes they can’t afford. That he presided over a mad push for home ownership … Continue reading

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How HUD Missed The Housing Crisis

The Department of Housing and Urban Development ignored the signs of a looming mess. Bush’s department loosened regulations allowing for this kind of meltdown. Steve Benen writes: I’ve marveled for years at the apparent corruption and incompetence in Bush’s Department … Continue reading

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