by Moe Bedard
SHAUN DONOVAN, HUD SECRETARY: We’re going to target those borrowers that are most at risk of foreclosure through our modification plan, helping to bring payments down to 31 percent of their income for three to four million borrowers. We’re going to target that in a way that first of all, no speculators, no investor-owners are [...]
Read the full article →
by Moe Bedard
Nearly 75 percent of HUD Recovery funds allocated today
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75 [...]
Read the full article →
