HUD chief Shaun Donovan ‘phoned it in’ Friday (literally) during a press conference to discuss the beleaguered FHA fund. Of course, he was on a more important mission: dealing with the human strife in New York and New Jersey affecting home owners and renters savaged by Hurricane Sandy. Donovan tried to put a positive spin on the FHA situation and wouldn’t speculate on whether the fund will need a draw from Treasury. But as far as U.S. home owners are concerned, he said something that probably went over the heads of most reporters in the room at 451 Seventh Street: that over the past six months – thanks to improved home values – 1.3 American families were removed from being on that ugly list of ‘underwater’ mortgagors.
HUD Secretary Shaun Donovans Lost Message (Some Good News)
NOV 16, 2012 12:30pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
- Capsilon Survey Reveals 70 Percent of Lenders Expect Mortgage Loan Production Costs to Rise in 2017
- Simplifiles Nationwide E-recording Network Achieves Record 1,500 Participating Counties
- Simplifile Reports Continued Expansion of E-Recording Infrastructure, Electronic Document Submission in Q3 2016
- First American Mortgage Solutions Invests In Helping Lenders And Servicers Achieve Sustainable Quality And Growth
- First American Mortgage Solutions launches Vendor Management Suite to aid with Lender compliance requirement