Tag Archives: hud secretary

Rescue Package Not Enough

The Center for American Progress posts: This in turn allows businesses, individuals, and state and local governments to sustain borrowing again, thus avoiding job losses, missed paychecks, and empty store shelves as businesses face cash shortfalls. 2. The Treasury uses … Continue reading

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Preventing Foreclosures

Report: PITTSBURGH — As politicians continue to wrestle with how to save Wall Street, a local group is working to protect people close to losing their homes. According to the Association of Community Organizations for Reform Now, better known as … 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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FHA Plan To Reduce Foreclosure

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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The FHA Wants To Help Reduce Foreclosures

From Boston.com: Struggling homeowners now have one more alternative to help them avoid foreclosure and remain in their homes, the US Department of Housing and Urban Development announced today. HUD Secretary Steve Preston unveiled the so-called Hope for Homeowners plan … Continue reading

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Refinance & American Home Ownership

Howard Cincotta writes: Subprime mortgages are high-rate loans for borrowers who cannot qualify for lower-interest conventional loans. During the housing boom of recent years, mortgages were sold as securities. Dreams and Homes Homeownership soared after World War II as a … 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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HUD Secretary Alphonso Jackson Asleep At The Wheel

From the Washington Post, a report on incompetence and cronyism at the government agency: HUD Secretary Alphonso Jackson, left, with President Bush and Treasury Secretary Henry M. Paulson. Zealous about Bush’s goal of increasing homeownership, Jackson encouraged policies that threatened … Continue reading

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