Aug 16th 2010 3:36PM
The future is here, and not a moment too soon. Tomorrow, Treasury Secretary Timothy Geithner and HUD Secretary Shaun Donovan, pictured left, will host a conference on the future of housing finance. Before you click away or fall asleep -- pay attention. What's at stake is nothing less than whether or not you -- or the buyer... Continue Reading »
Aug 4th 2010 4:15PM
While some seem to think that all the Obama administration is doing is extending or delaying foreclosure procedures, others believe that, without these extensions, home prices would have fallen much further, much faster. Whatever you believe, the numbers seem to indicate that mortgage default and re-default rates are... Continue Reading »
Feb 3rd 2010 2:00PM
Renters rejoice! If it seems like the government has been focused on helping homeowners (when they're not helping bankers, that is), now it's your turn. While the rest of the federal government is slashing its budget, the U.S. Department of Housing and Urban Development is aiming for a 5 percent hike in 2011 – much... Continue Reading »
Feb 2nd 2010 12:00PM
Here's a neat trick: In the budget it released yesterday, the U.S. Department of Housing and Urban Development is proposing to increase spending in 2011, including a new billion-dollar fund to build affordable housing for rent. At the same time, it's cutting its budget request to Congress by 5 percent. How does HUD make... Continue Reading »
Dec 11th 2009 1:40PM
The foreclosure rate is down, home prices are up, and the government is finally getting tough with mortgage companies, according to the nation's top housing official. "We may be seeing the light at the end of the tunnel," Shaun Donovan, Secretary of the U.S. Dept. of Housing and Urban Development, told an audience of... Continue Reading »
