Bachus Cautions HUD to Watch Spending, Calls for Top-Down Review of Agency
March 17, 2010 Posted by RealEstateRama
WASHINGTON, DC - March 17, 2010 - (RealEstateRama) — Financial Services Committee Ranking Member Spencer Bachus made the following statement during a Full Committee hearing entitled “The Administration’s Proposal to Revitalize Severely Distressed Public and Assisted Housing: The Choice Neighborhoods Initiative.”
National Community Reinvestment Coalition Concludes Successful Conference
March 16, 2010 Posted by NCRC
Washington, DC - March 16, 2010 - (RealEstateRama) — Hundreds of people from community organizations around the country attended the National Community Reinvestment Coalition’s national conference, March 10-13 in Washington, DC. Attendees heard exciting speeches from Rep. Elijah Cummings, Del. Eleanor Holmes Norton and HUD Assistant Secretary John Trasviña and FHA Commissioner Dave Stevens, among other administration officials. NCRC also announced the winners of its esteemed National Achievement Awards. Rev. Jesse Jackson, Sr. presented the awards to seven community leaders during NCRC’s 20th anniversary conference on March 12, in Washington, DC. Detailed information about the winners and the awards follows below
State Mortgage Regulators Submit Comment to HUD on Proposed Rule Regarding the SAFE Mortgage Licensing Act
March 3, 2010 Posted by CSBS
March 3, 2010 - (RealEstateRama) — The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) submitted a joint comment letter to the U.S. Department of Housing and Urban Development (HUD) in response to a proposal to implement the SAFE Mortgage Licensing Act.
Administration Releases January Loan Modification Report
February 18, 2010 Posted by RealEstateRama
WASHINGTON, DC - February 18, 2010 - (RealEstateRama) — The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released January data for the Administration’s Home Affordable Modification Program (HAMP), demonstrating that the number of homeowners receiving immediate relief and converting to permanent modifications continues to rise. More than 116,000 homeowners now have permanent modifications, nearly doubling the number from December, which also marked record progress. An additional 76,000 permanent modifications have been offered, and are waiting only for the borrower’s signature. In total, Over 1 million homeowners have started trial modifications and nearly 1.3 million offers for trial modifications have been extended to homeowners.
HUD, FEMA Extend Disaster Housing Assistance Program
February 5, 2010 Posted by FEMA
WASHINGTON, D.C. - February 5, 2010 - (RealEstateRama) — U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Federal Emergency Management Agency (FEMA) Administrator Craig Fugate announced an extension to the Disaster Housing Assistance Program-Ike (DHAP-Ike), giving approximately 11,000 families who were displaced by Hurricanes Ike and Gustav more time to transition to longer term housing solutions.
FY 2011 Budget Proposal Combines Economic Discipline With Support for Affordable Housing in Communities Nationwide
February 5, 2010 Posted by NHC
Washington, DC - February 4, 2010 - (RealEstateRama) — This week the Obama Administration released its FY 2011 budget proposal, which combines economic discipline with vital support for affordable housing in communities nationwide.
Administration Updates Documentation Collection Process and Releases Guidance to Expedite Permanent Modifications
January 28, 2010 Posted by Treasury
WASHINGTON, DC - January 28, 2010 - (RealEstateRama) — As part of the Administration’s ongoing housing market stabilization plan, the U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released updated guidance for servicers participating in the Administration’s mortgage modification program. This guidance refines the […]
ADMINISTRATION COMPLETES IMPLEMENTATION OF INITIATIVE TO SUPPORT STATE AND LOCAL HOUSING FINANCE AGENCIES
January 13, 2010 Posted by FHFA
WASHINGTON, DC - January 13, 2010 - (RealEstateRama) — The U.S. Department of the Treasury, together with the Department of Housing and Urban Development (HUD), and the Federal Housing Finance Agency (FHFA) today announced the completion of all transactions under the recently-introduced state and local Housing Finance Agency (HFA) Initiative, a key element of the Obama Administration’s Homeowner Affordability and Stability Plan. With these transactions, the Obama Administration helps support low mortgage rates and expands resources for low and middle income borrowers to purchase or rent homes that are affordable over the long term. Government Sponsored Enterprises Fannie Mae and Freddie Mac played a central role in both Initiative design and transaction execution. The HFA Initiative is expected to come at no cost to taxpayers.
CCCS of Greater Atlanta to Offer Free Reverse Mortgage Counseling
January 12, 2010 Posted by RealEstateRama
New HUD Grant Will Fund Counseling Sessions
ATLANTA GA - January 12, 2010 - (RealEstateRama) — Beginning immediately, Consumer Credit Counseling Service (CCCS) of Greater Atlanta will offer free reverse mortgage counseling sessions nationwide.
Syracuse Mortgage Underwriter to Pay United States Nearly $679,000 to Resolve Mortgage Fraud Allegations
December 9, 2009 Posted by RealEstateRama
WASHINGTON, D.C. - December 8, 2009 - (RealEstateRama) — Robert Corp, a mortgage underwriter in Syracuse, N.Y., has agreed to pay the United States close to $679,000 to settle allegations that he defrauded the U.S. Department of Housing and Urban Development (HUD), the Justice Department announced today.
