March 11, 2011

HUD Statement on House Passage of the Emergency Mortgage Relief Program Termination Act (H.R. 836)

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“The Emergency Homeowners Loan Program will provide relief to tens of thousands of families who are still struggling to make ends meet after the deepest economic recession and housing crisis in a generation.   The Obama Administration is committed to helping struggling homeowners stay in their homes and taking the steps needed to stabilize the housing […]

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March 10, 2011

FHA’s Short Refinance Option – Helping American Families

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Julie Shaffer, Program Manager, FHA’s Short Refinance Option, HUD’s Office of Housing For the last year, I have been working to help implement FHA’s Short Refinance Option. The program gives borrowers who are current on their loans but owe more on their home than it is worth due to falling house prices an opportunity to […]

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The Recovery Act: Winning the Future for America’s Cities by Changing the Way Government Does Business

The Recovery Act is helping America’s cities become better prepared to be long-term engines of economic opportunity, according to a new report. That’s why yesterday I was proud to join Congressman Emanuel Cleaver of Missouri and Congresswoman Nydia Velazquez of New York in releasing The American Recovery and Reinvestment Act: Working for America’s Cities, which […]

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March 9, 2011

Our Commitment to America’s Homeowners

Last week I testified before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity to discuss how the Federal Housing Administration’s (FHA) Short Refinance Option will help the housing market recover from the economic crisis.  The following day, the committee voted to eliminate the FHA’s Short Refinance Option.

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March 8, 2011

Working to Preserve our Communities

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Last week, I had the opportunity to testify before the House Financial Service Committee’s Subcommittee on Insurance, Housing, and Community Opportunity to discuss the status of the Neighborhood Stabilization Program (NSP) and the continued need for all NSP funding.  NSP is not a foreclosure prevention program, rather a tool to help communities across our nation […]

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