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
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 modify mortgages on the commercial side, because it’s just not the same as keeping homeowners in their homes. It doesn’t have the same focus for us on the commercial side. It’s just a different situation.
Presumably, Donovan is talking only about HUD here, and not the Obama administration on the whole. As Martha wrote in this space last month, the $8 trillion commercial market is teetering on the edge of collapse, and could be the next bubble to burst. Funny how Washington policymakers are so quick to react to crises, but not to prevent them.
MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals
BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks
MA-Sen: 66 to 19
BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary
MA-Sen: A Text Message From Scott Brown
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MA-Sen: Loyal Democrats Grouse About Coakley
BOSTON -- A little while after noon, a steady crowd of Democratic voters streamed into the Cathedral High School Gymnasium to cast votes for their party’s
MA-Sen: Brown Wins
BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie
MA-Sen Photos: ‘Paint the Town Red! Croakley’s Dead!’
Below are some photos of yesterday’s People’s Rally in Worcester, the rally that Brown held to counter-program the Obama rally in Boston. The crush of
MA-Sen: Out-of-Staters for Brown
BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,
Menendez, Lautenberg to Continue BP-Lockerbie Investigation
Sens. Robert Menendez and Frank Lautenberg, both New Jersey Democrats, will continue to seek details about BP’s alleged involvement in the release last year of
Net Investors Bullish on Palin’s Prospects for Staying on Ticket
Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.
No Experience Necessary
Gov. Sarah Palin’s a middle-class hockey mom, but does that really qualify her to be vice president?