hud

This should sound familiar: Growing losses on Federal Housing Administration-backed mortgage loans are prompting fears the agency will be next in line for taxpayer help, The Wall Street Journal says.
The Federal Housing Administration, hit by increasing mortgage-related losses, is in danger of seeing its reserves fall below the level demanded by Congress, according to government [...]

Are we really going to go through this again? Immediately after the U.S. Department of Housing and Urban Development finished putting the final touches on a controversial plan to allow first-time homebuyers to use an $8,000 tax credit as a downpayment on a new home, some in the  Senate are proposing nearly doubling the credit [...]

New HUD program allows first-time homebuyers to borrow against an $8,000 tax credit for downpayments, raising questions about what was learned from the housing crisis.

So says Shaun Donovan, head of the Department of Housing and Urban Development. In an interview with The Washington Post, Donovan says the focus of the real estate recovery will remain on the housing market.
Clearly, the biggest focus has been on the single-family market. . . . We’re not going to have a program to [...]

A plan designed to help 400,000 homeowners modify their mortgage terms has only helped 25 borrowers.

The Department of Housing and Urban Development is one of the most understaffed, demoralized agencies in Washington. Some say even top-flight talent won’t be enough to reform it.