Tag Archives: HUD

HUD Inspector General Working with McCaskill to Combat Fraud

Posted on June 24, 2009 by admin

Kenneth M. Donohue, inspector general for the Department of Housing and Urban Development, told a U.S. House of Representatives financial services subcommittee that he is working with Sen. Claire McCaskill and the Senate Special Committee on Aging to address fraud … Continue reading →

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HUD Updates Condo Approval Process

Posted on June 16, 2009 by admin

There could be a rush of reverse mortgage applications for condominiums in the next few months as the Federal Housing Administration eliminates spot loan approval for unapproved condo projects and potentially thousands of approved projects will need to be recertified. … Continue reading →

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HUD Secretary Says HECM Program Could Change

Posted on June 12, 2009 by admin

Housing and Urban Development Secretary Shaun Donovan told a Senate appropriations subcommittee today he is open to making changes to the Federal Housing Administration’s reverse mortgage program in order to lessen the risk to the FHA insurance fund. His comments … Continue reading →

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HUD Withdraws Required-Use Definition from RESPA

Posted on May 13, 2009 by admin

After reviewing more than 1,200 public comments, the Department of Housing and Urban Development has rescinded a rule change that would have restricted builders’ abilities to forge preferred partnerships with lenders. HUD Secretary Shaun Donovan announced Monday the withdrawal of … Continue reading →

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