Loan applications for mortgages decreased last week as average rates for a 30-year fixed rate mortgage ticked upwards, a weekly report said Wednesday. Loan applications decreased 14.2% in the week ending May 22, according to the Mortgage Bankers Association…(read more)
DENVER, CO – As part of their commitment to developing new policies, proposals and ideas to help America’s middle class, Secretary of Labor Hilda L. Solis, Secretary of Housing and Urban Development Shaun Donovan, Secretary of Energy Steven Chu and Secretary of Education Arne Duncan announced new agency partnerships to foster job growth for a new green economy at today’s meeting of the Middle Class Task Force in Denver.
WASHINGTON – As part of the Obama Administration’s effort to create jobs and ease pressures on the housing market, the U.S. Department of the Treasury today announced more than 0 million in American Recovery and Reinvestment Act (Recovery Act) funding to spur the development of affordable housing units in Kansas, Michigan, Ohio, Wisconsin, and Puerto Rico. The Department of Housing and Urban Development (HUD) also announced million for housing development in Ohio. The announcements come just three months after the Recovery Act was signed into law on February 17.
Markets opened lower following the Memorial Day weekend on Tuesday, but roughly 90 minutes into the session all three indexes were climbing following an optimistic report on Consumer Confidence from 10 am. The S&P 500 has gained 1.93% to 904, the…(read more)
A national index of home prices reported on Tuesday that the average price for a home has fallen to a level consistent with the final quarter of 2002. The S&P/Case-Shiller Home Price Index ― which covers 20 metropolitan areas ― showed a price decline…(read more)
WASHINGTON – The U.S. Department of Housing and Urban Development is launching a regional print and radio advertising campaign to encourage families who were displaced by Hurricanes Ike and Gustav in 2008 to register for disaster housing assistance.
As expected, Friday is turning out to be a quiet day ahead of the Memorial Day three-day weekend . Markets have been volatile due to light trading, and roughly 90 minutes into the session all three major indexes are positive. After taking a dive in the…(read more)
WASHINGTON – The U.S. Department of Housing and Urban Development’s Mortgagee Review Board today announced actions
against more than 120 lenders for violating FHA requirements. Violations range from failure to conduct sufficient quality control,
to failure to continue to meet FHA recertification requirements, to falsifying loan documents.
WASHINGTON – U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced today that President Barack Obama has appointed Erika Poethig as Deputy Assistant Secretary for HUD’s Office of Policy Development and Research (PDandR).
Positive data and hopeful testimony from Treasury Secretary Tim Geithner at 10 am haven’t been enough to push markets higher following a lower opening on Thursday. Investor sentiment remains weary from Wednesday’s slide and a sour Jobless…(read more)
