Mar 6th 2012 10:00AM
WASHINGTON -- President Barack Obama is aiming mortgage relief at members of the military as well as homeowners with government-insured loans, the administration's latest efforts to address a persistent housing crisis. In his first full news conference of the year Tuesday, Obama was to announce plans to let borrowers... Continue Reading »
Apr 8th 2011 1:45PM
The government shutdown that will occur if Republicans in Congress and President Obama can't come to terms on budget legislation by midnight tonight could hit the ailing spring home-buying market like a ton of paving stones. The Federal Housing Agency (FHA), a popular source of low-down-payment mortgages of as little as... Continue Reading »
Oct 21st 2010 10:11AM
Don't worry, be happy. That seems to be the message from Department of Housing and Urban Development secretary Shaun Donovan (pictured), who said after a meeting with regulators on Wednesday that the recent foreclosure fiasco was not evidence of "systemic issues" at mortgage servicers. While Donovan didn't discount... Continue Reading »
Oct 18th 2010 5:05PM
As grim tales of robo-signed foreclosures flood the world of real estate, the Obama administration is going to some lengths to caution lenders and lawmakers against a widespread moratorium on foreclosure cases. While White House advisers spent the weekend voicing anger about the latest crisis on television, they also... Continue Reading »
Aug 30th 2010 4:35PM
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 their lowest... Continue Reading »
