News

WASHINGTON, DC - December 4, 2012 - (RealEstateRama) -- To expand housing options for families displaced by Hurricane Sandy, the U.S. Department of Housing and Urban Development (HUD) announced that it is giving public housing agencies greater flexibility in calculating rent payments in areas experiencing increased demand for rental housing. This is one of several actions HUD is taking to cut red tape to help families who were forced from their homes and require alternative housing

WASHINGTON, DC - December 4, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of New Hampshire in addition to resources being provided by FEMA ...

WASHINGTON, DC - December 4, 2012 - (RealEstateRama) -- As part of a broad based effort to address the housing market’s “shadow inventory” and to target relief to communities experiencing high foreclosure activity, the U.S. Department of Housing and Urban Development (HUD) today announced preliminary results from the first loan sale under its expanded Distressed Asset Stabilization Program (DASP). HUD’s next scheduled sale, which will take place late in the first quarter of 2013, will include approximately 10,000-15,000 loans, and will have targeted Neighborhood Stabilization Outcome (NSO) pools located in select metropolitan areas in Georgia, California, Florida, and Ohio.

CHICAGO, IL - November 30, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging the homeowner association and property managers for an Edina, MN, condominium building with housing dis...

WASHINGTON, DC - November 30, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development’s (HUD) Office of Sustainable Housing and Communities (OSHC) today released its 2012 Accomplishments Report, Helping Communities Realize a More Prosperous Future, which highlights how grantees of the 2010 and 2011 HUD Sustainability Grants are working to support locally led collaborative efforts that are building stronger regional economies.

WASHINGTON, DC - November 29, 2012 - (RealEstateRama) -- The Federal Housing Administration (FHA) recently published guidance to help families with FHA-insured mortgages struggling to repair or rebuild their homes in the wake of major disasters like Hurricane Sandy. FHA’s mortgagee letter reinforces the agency’s longstanding policy of extending foreclosure relief and directs lenders to release insurance proceeds to borrowers rather than to apply those payouts to bring delinquent mortgages current.

Kansas City, KS - November 29, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it has charged the owner, architect, builder and designers of Valle Creek Condominiums in Pevely, Missouri with vi...

WASHINGTON, DC - November 29, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced a $621 million deal to refinance a previous mortgage at Co-op City, a large cooperative housing community that is ...

WASHINGTON, DC - November 28, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of West Virginia in addition to resources being provided by FEMA and other federal partners. HUD will provide support to homeowners and low-income renters forced from their homes due to Hurricane Sandy.

WASHINGTON, DC - November 26, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Maryland and provide support to homeowners and low-income renters forced from their homes due to Hurricane Sandy.

WASHINGTON, DC - November 21, 2012 - (RealEstateRama) -- The U.S. District Court of Maryland today granted final approval of a settlement of the 17-year-old civil rights case known as Thompson v. HUD, filed by African American public housing residents against the Department of Housing and Urban Development (HUD), the Housing Authority of Baltimore City (HABC), and the City of Baltimore.

WASHINGTON, DC - November 21, 2012 - (RealEstateRama) -- The Federal Housing Administration (FHA) announced changes on Friday to its loss mitigation program which are intended to allow more borrowers to take advantage of opportunities that enable them to keep their homes. Through revisions made to FHA’s Loss Mitigation Home Retention Options, a greater number of distressed borrowers will be able to qualify for FHA loss mitigation interventions, and the level of assistance available to them will be larger than under previous guidelines. These changes will not only assist families in keeping their homes, but will also reduce the number of full claims against the FHA Mutual Mortgage Insurance Fund

WASHINGTON, DC - November 19, 2012 - (RealEstateRama) -- The nation’s largest mortgage servicers have distributed $26.1 billion in direct relief to nearly 310,000 homeowners, or roughly $84,385 per homeowner as part of the National Mortgage Settlement, according to a progress report released today by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. Earlier this year, the Department of Justice, Department of Housing Urban Development (HUD) and 49 state attorneys general reached a landmark agreement with the nation's five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses.

WASHINGTON, DC - November 16, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today released its annual report to Congress on the financial condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. In reporting on findings of the independent actuarial study, HUD indicates that while FHA continues to be impacted by losses from mortgages originated prior to 2009, this report does not directly affect the adequacy of capital balances in the MMI Fund.

WASHINGTON, DC - November 12, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the October edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market.

WASHINGTON, DC - November 6, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Rhode Island and provide support to homeowners and low-income ...

WASHINGTON, DC - October 31, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of New York and provide support to homeowners and low-income rent...

WASHINGTON2012 National Trust/Department of Housing and Urban Development Secretary’s Award for Excellence in Historic Preservationto Saint Luke’s Manor in Cleveland, Ohio. The project is one of 22 award winners to be honored by the National Trust during its 2012 National Preservation Conference next week in Spokane, Washington.

CHICAGO, IL - October 15, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Donovan recently announced $2,302,993 in grants to help 1,083 senior citizens and persons with disabilities in Ohio receive health care, meals, and other ...

COLUMBIA - October 12, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that the Housing Authority of the City of Columbia will receive $250,000 to execute grassroots efforts to revitalize the public...