(I didn’t want this story to get lost in the midst of all the headlines the past few days.) From the National Mortgage News headlines: “The Department of Housing and Urban Development is seeking expanded loss mitigation authority allowing the principal amount of an FHA-insured mortgage to be reduced by up to 30% to help…
Tag: HUD
Ron Sims: HUD Deputy Secretary
Recall King County Executive Ron Sims’ “tweet” back in September: By early next year, many will come to regret their decision to delay buying a home. Now word has it that this housing sage will be heading to DC to take the number 2 position at the Department of Housing and Urban Development. Perhaps his…
HOPE for a Whopping 312 Homeowners
I thought this was somewhat interesting. You may recall the “Foreclosure Prevention Act of 2008,” about which we held a poll back in July. One of the primary aspects of the Foreclosure Prevention Act is the HOPE (Home Ownership Preservation Entity) for Homeowners program, which was intended to: …insure up to $300 billion for 30…