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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Housing and Urban Development

Housing and Urban Development stories: 5 news summaries

At-Risk Owners Pay Big Bucks to Mortgage Modifiers

Some take advantage of patchwork laws, charge for services non-profits offer for free

Dec 26, 08 10:44 AM CST
(Newser) - A growing mortgage-modification industry has cropped up amid the housing bust, the Washington Post reports, charging homeowners thousands to help them negotiate better loans. The problem? Non-profit groups already offer those services gratis. “It is very frustrating to find a homeowner who has paid a for-profit company $3,000... More »

MORE ABOUT:
foreclosure • mortgage • nonprofit • Housing and Urban Development • refinanced mortgages • mortgage delinquency • financial crisis

Bush Tabs 'Problem Solver' to Head HUD 

New secretary must face the housing market's troubles

Apr 18, 08 3:15 PM CDT
(Newser) - With the housing market in turmoil, President Bush is turning to an investment banker-turned-bureaucrat to head HUD, the Washington Post reports. Steven Preston, 47, has run the Small Business Administration since 2006 after a stint at Lehman Brothers; he succeeds Alphonso Jackson, who announced his resignation 2 weeks ago amid... More »

MORE ABOUT:
Housing and Urban Development • housing crisis • subprime crisis • George W. Bush • Alphonso Jackson • Steve Preston • Small Business Administration

Updated

Bush Housing Secretary
Steps Down

Jackson out after clashes with Congress, charges of favoritism

Mar 31, 08 9:48 AM CDT
(Newser) - HUD Secretary Alphonso Jackson resigned this morning, after a series of accusations of political favoritism. The departure marks a setback to the Bush administration's efforts to stem the housing crisis, the Wall Street Journal reports, as Jackson has been a central player on key initiatives. He cited family reasons in... More »

MORE ABOUT:
Bush administration • Henry Paulson • Federal Housing Administration • Housing and Urban Development • housing agencies • Alphonso Jackson

UPDATED

Big Easy Protest Turns Rough

New Orleans OK's demolition of housing despite opposition

Dec 20, 07 4:30 PM CST
(Newser) - Police used pepper spray and stun guns on protesters in New Orleans attempting to push their way into a City Council meeting over the impending demolition of 4,500 public housing units damaged by Katrina. Local activists oppose HUD's push to raze the houses to make room for mixed-income neighborhoods.... More »

MORE ABOUT:
Hurricane Katrina • New Orleans • housing • Housing and Urban Development • public housing

Plan to Freeze Subprime Loans

Treasury and lenders close to deal

Nov 30, 07 3:12 AM CST
(Newser) - The Treasury Department and a coalition of lenders are close to a deal to freeze interest rates on some subprime loans in a bid to bring the mushrooming mortgage crisis under control, reports the Wall Street Journal. A freeze would ease the burden on beleaguered borrowers and banks. Rates on... More »

MORE ABOUT:
subprime mortgages • Henry Paulson • Treasury Department • Hope Now Alliance • Housing and Urban Development • First American Loan Performance. • borrowers

5 Stories


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