Department of Housing & Urban Development (Free subscription) | 11/19/2009
SALT LAKE CITY-The Long Term Disaster Recovery Working Group held its fourth of five planned stakeholder forums today in Salt Lake City-designed to encourage stakeholders to provide direct input and ideas for disaster recovery
Department of Housing & Urban Development (Free subscription) | 11/17/2009
WASHINGTON - Attorney General Eric Holder, Treasury Secretary Tim Geithner, Housing and Urban Development (HUD) Secretary Shaun Donovan, and Securities and Exchange Commission (SEC) Chairwoman Mary Schapiro today announced that President Barack Obama has established by Executive Order an interagency Financial Fraud Enforcement Task Force to strengthen efforts to combat financial crime. The Department...
Climateer Investing (Free subscription) | 11/06/2009
From the Wall Street Journal's Developments blog: Two House Republicans warned that growing losses at the Federal Housing Administration could lead to a taxpayer-funded bailout and have asked the Department of Housing and Urban Development for data backing up the FHA’s assertion that it won’t need to ask Congress for any taxpayer money. “Congress and HUD must take whatever steps are...
The Business Insider (Free subscription) | 11/05/2009
Two House Republicans warned that growing losses at the Federal Housing Administration could lead to a taxpayer-funded bailout and have asked the Department of Housing and Urban Development for data backing up the FHA’s assertion that it won’t need to ask Congress for any taxpayer money. “Congress and HUD must take whatever steps are necessary to ensure that this program operates...
Department of Housing & Urban Development (Free subscription) | 11/04/2009
NEW ORLEANS-The Long Term Disaster Recovery Working Group held the first of five planned stakeholder forums today in New Orleans. The Working Group, co-chaired by Department of Homeland Security (DHS) Secretary Janet Napolitano and Department of Housing and Urban Development (HUD) Secretary Shaun Donovan and comprised of the Secretaries and Administrators of approximately 20 departments and agencies,...
Department of Housing & Urban Development (Free subscription) | 10/30/2009
WASHINGTON - The U.S. Department of Housing and Urban Development today announced that its Mortgagee Review Board (MRB) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc., a Home Equity Conversion Mortgage (HECM or reverse mortgage) lender based in Honolulu, Hawaii. HUD's MRB alleges the Company failed to implement an FHA-required quality control plan; separate...
First Read (Free subscription) | 10/29/2009
From NBC's Chuck ToddThe Obama administration, via a statement from the Treasury Department, is officially asking Congress to extend the tax credit for first-time homebuyers. From the release: Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers...
Department of Housing & Urban Development (Free subscription) | 10/29/2009
WASHINGTON, DC - Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers Tax Credit for a limited period, extension of higher loan limits for home mortgages, and secure funding for the Housing Trust Fund.
Department of Housing & Urban Development (Free subscription) | 10/28/2009
WASHINGTON - Housing and Urban Development (HUD) Secretary Shaun Donovan and Homeland Security (DHS) Secretary Janet Napolitano today announced the launch of DisasterRecoveryWorkingGroup.gov-a new interagency website that will allow federal disaster recovery officials to solicit public comments from state, local and tribal partners and the public.
Department of Housing & Urban Development (Free subscription) | 10/23/2009
Joined by Senator Charles Schumer, Secretary Shaun Donovan completed a two-city tour through Upstate New York today.
Department of Housing & Urban Development (Free subscription) | 10/21/2009
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced a series of proposals to ensure that HUD's core housing programs are open to all, regardless of sexual orientation or gender identity.
First Read (Free subscription) | 10/20/2009
From NBC's Winston WildeHHS Secretary Shaun Donovan today said he needs a fuller picture of the potential costs of Sen. Johnny Isakson’s (R-GA) first-time homebuyer's tax credit extension before the administration can get behind it. "We understand the urgency, and in the next few weeks, we'll have data that will allow us to sit down with you and talk of an extension," Donovan said....
Political Ticker (Free subscription) | 10/20/2009
NEW YORK (CNNMoney.com) – While momentum is building on Capitol Hill to extend the $8,000 first-time homebuyer credit, President Obama's housing secretary said Tuesday the administration has not decided whether to support its expansion. Housing Secretary Shaun Donovan told the Senate Banking Committee that the administration wanted more time to better assess the cost [...]
CQ (Free subscription) | 10/20/2009
Housing and Urban Development Secretary Shaun Donovan equivocated Tuesday on whether Congress should extend an expiring tax credit for first-time homebuyers.
Department of Housing & Urban Development (Free subscription) | 10/20/2009
WASHINGTON - The U.S. Department of Housing and Urban Development's Mortgagee Review Board today notified Ideal Mortgage Bankers, doing business as Lend America and Lending Key ("Ideal"), that it has uncovered numerous violations of the Federal Housing Administration's (FHA) origination and underwriting requirements, including submitting false certifications and failing to document the borrower's...
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