Technical experts will help communities better manage backlog of foreclosed homes

WASHINGTON - U.S. Department of Housing and Urban Development Secretary Shaun Donovan today announced HUD is launching a $50 million effort to help state and local governments address the inventory of foreclosed properties assisted under the Department's Neighborhood Stabilization Program (NSP).

Read more: http://www.hud.gov/news/release.cfm?content=pr09-159.cfm
On May 20, 2009, the President signed the “Helping Families Save Their Homes Act of 2009.” This new law provides the Federal Housing Administration (FHA) with additional loss mitigation authority to assist FHA mortgagors under the Making Home Affordable Program (MHA). The MHA Program is designed to help homeowners retain their homes and to prevent the destructive impact of foreclosures on families and communities. Read more: http://portal.hud.gov/portal/page?_pageid=73,1&_dad=portal&_schema=PORTAL
New policy designed to help hospitals falling victim to the credit crisis

FHA TO BEGIN INSURING HOSPITAL REFINANCE LOANSNew policy designed to help hospitals falling victim to the credit crisis

http://www.hud.gov/news/release.cfm?content=pr09-114.cfm&CFID=19214035&CFTOKEN=29063891
HUD News Release 09-114

See more notes