October 19, 2021

Job Security Working For HUD

With the way the economy and the debt ceiling is right now in our great country, one would assume that the Federal Government would be doing some massive layoffs of non-essential personnel due to not being able to afford them. This just isn’t so, especially when it comes to Housing and Urban Development! Landing a [...]

SC2 – Strong Cities, Strong Communities

Shaun Donovan, the Secretary for the U.S. HUD (Housing and Urban Development) office announced the Strong Cities, Strong Communities program this morning in Detroit. Six chosen cities, including Detroit, will act as a pilot for Strong Cities, Strong Communities (CS2) to begin it’s operations and test it’s success in a range of identifiably different U.S. [...]

Unemployed Homeowners Get Help

There is new hope for jobless homeowners thanks to the Obama Administration. Beginning August 1st, the foreclosure prevention program will be changed, allowing those out of work to stay in their homes longer while trying to get back on their feet. The Federal Housing Administration will extend the time that homeowners can miss mortgage payments, [...]

HUD Foreclosure Problems

“Housing and Urban Development or HUD has come under fire recently due to their delay in funds for the sale of several hundred foreclosed homes. The Wall Street Journal reports that HUD lacks the funds to pay for closing costs which means that they cannot pay for lawyers and the other necessary closing agents needed [...]

HUD Foreclosure Delays

“The real estate agents are a worried lot with their deals standing unclosed due to the fact that the sales of foreclosed properties have grinded to a halt. The Department Of Housing and Urban Development addresses the problem stating that it has been negotiating new contracts and this temporary phase is likely to pass away [...]

HUD Audit Says 5 Largest Mortgage Banks Defrauded Taxpayers

The Department of Housing and Urban Development (HUD) Inspector General conducted a two month study of foreclosure practices, and in an unreleased confidential report has concluded that the 5 largest mortgage companies have defrauded the American taxpayer, according to the Huffington Post.  These companies are believed to be:  Bank of America, JP Morgan Chase, Wells [...]

New Emergency Home Loan Program Not Offered in Michigan

A new federal $1 billion Emergency Homeowners’ Loan Program (EHLP), that was created by the Dodd-Frank financial reform bill, will not be offered to citizens in the state of Michigan. If you are a Michigan resident, there are other Michigan HUD Housing programs available to you. The goal of this program is to help homeowners [...]