HUD pushes mortgage help for Chinese drywall homeowners
The U.S. Department of Housing and Urban Development said Tuesday it’s instructing lenders to temporarily suspend or reduce mortgage payments for homeowners who have tainted Chinese drywall. Lenders also are being encouraged not to charge late fees and to give the homeowners time to make up past-due payments.
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But builders may remember 2009 as much for events stemming from unprecedented government efforts to prop up housing starts and homeowner efforts to fight off the pernicious forces of unemployment and foreclosure. ... Neither did a crisis over Chinese drywall that surfaced last spring and built monthly in intensity. Here , in reverse order, are the biggest stories for 2010. A Compact Response: KB Home is rolling out its Open Series of house plans, which include giving ...