WASHINGTON -(Dow Jones)- Department of Housing and Urban Development Secretary Shaun Donovan said the administration is looking at a 25-year-ancient Pennsylvania program as one of the models it might apply toward helping unemployed homeowners avoid foreclosure.
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HUD’s Donovan: Administration Looking At Ways To Aid Jobless Homeowners (Nasdaq)
He also said HUD officials are having trouble implementing new laws designed to improve participation in the Hope for Homeowners program, which was designed to help as many as 400000 borrowers refinance into more affordable loans insured ... Gordon Brown made his political reputation in the 1980s and 1990s railing against the waste of human talent during the Conservatives' rule, yet today one in five 18-to-24 year olds is jobless; 726000 youngsters are looking for work. ...
The Labor Department reported today that its most comprehensive measure of joblessness hit 14.8% in February, from 13.9% in January. That's just about 1 out of 7 Americans who are either unemployed and looking for a job, want a job but stopped ..... William Apgar, senior adviser to new HUD Secretary Shaun Donovan, agreed that early defaults are a worrisome sign that a lender is abusing FHA-backed loans. Malfeasance is of such concern to the Obama administration, he said, ...
... Department of Housing and Urban Development Secretary Shaun Donovan said the administration is looking at a 25-year-old Pennsylvania program as one of the models it might apply toward helping unemployed homeowners avoid foreclosure.