Tag: Housing and Urban Development

  • Unemployed Mortgage Assistance Program Extended

    Unemployed Mortgage Assistance Program Extended

    The Department of Housing and Urban Development will begin taking applications again for a new program providing interest-free loans to unemployed borrowers struggling with their mortgage payments. Under the Dodd-Frank Act authority, HUD launched the $1 billion Emergency Homeowners Loan Program in June.... Continue Reading

  • HUD: Help on the Way for Unemployed Homeowners

    HUD: Help on the Way for Unemployed Homeowners

    The Department of Housing and Urban Development launched a long-awaited program to provide interest-free loans to help unemployed borrowers in 27 states with their mortgage payments. "Through the Emergency Homeowners' Loan Program the Obama Administration is continuing our strong commitment to help keep... Continue Reading

  • Homebuyer Tax Credit: Another on the Way?

    Homebuyer Tax Credit: Another on the Way?

    Could this month's dreadful home sales numbers prompt the feds to offer another homebuyer tax credit? Mum's the word on Capitol Hill, but HUD Secretary Shaun Donovan would not rule out the option during an interview Sunday on CNN. Existing-home sales sank 27.2 percent in July, and sales of new homes dropped to... Continue Reading

  • LIVE: Fannie Mae, Freddie Mac -- Dead or Alive

    LIVE: Fannie Mae, Freddie Mac -- Dead or Alive

    The government wants to get out of the mortgage business. But can they do it without bringing a halt to what is already a stalled housing market? This morning, industry leaders are discussing ways to reform Fannie Mae and Freddie Mac as part of the Conference on the Future of Housing Finance, which is... Continue Reading