American families are all too familiar with the story: just when they thought they had achieved the dream of owning their own home, abuses in the financial and mortgage sector came back to haunt them and sent them spiralling into foreclosure – often through no fault of their own. Countless other families are still struggling [...]
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In the largest fair lending settlement in history, today HUD Secretary Shaun Donovan joined Attorney General Eric Holder to announce a $355 million agreement with Countrywide Financial Corporation, a mortgage lender now owned by Bank of America. The case against Countrywide alleges that between 2004 and 2008, the company practiced lending discrimination against more than [...]
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Home of the day: Newly opened senior apartments in Huntsville, AL. Secretaries Donovan, Sebelius and Solis discuss the Administration’s progress on ending homelessness. Lawsuit filed against Miami based realtors accused of discriminatory housing practices. Improve your home value by going green. Knoxville, TN offering rebates for energy-efficiency updates to its residents. And signs of [...]
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As the war in Iraq draws to a close, Secretary Donovan and Department of Veterans’ Affairs Secretary, Eric Shinseki joined together to announce some real progress in veterans’ homelessness. Every year, we measure the progress made toward ending homelessness through the annual “Point-in-Time” (PIT) count. And this year, we are happy to report that veterans’ [...]
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This weekend, the National Journal’s Ronald Brownstein turned his eye to Chicago’s struggling Woodlawn neighborhood, a South Side community long saddled with “the full catalog of urban ills”: high unemployment, dilapidated public housing, deteriorating buildings with no commercial presence save a few beat-up salons and dollar stores, and a host of other interconnected burdens that [...]
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