December 13, 2013

Annual Report to Congress Shows Progress

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Today, the HUD released its Fiscal Year (FY) 2013 Annual Report to Congress on the Financial Status of the Mutual Mortgage Insurance (MMI) Fund, which reports the results of an independent actuarial evaluation of the Fund. According to the independent actuary, the Fund has gained $15 billion in value and now stands at an economic net worth […]

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September 24, 2013

5 Years Later – A Housing Market on the Rebound

Cross posted from Zillow.com I will never forget the uncertainty that loomed over our nation five years ago, when a financial collapse on Wall Street spurred the worst economic crisis since the Great Depression. At the time, I was serving as a commissioner in New York City. I vividly remember being in City Hall when […]

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September 4, 2013

Changes to Reverse Mortgages Will Protect Consumers

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HUD has a long history of helping our nation’s seniors find quality, affordable housing.  With the help of initiatives like our Section 202 housing and Assisted Living Conversion Programs (ALCP), we make sure to set aside some of our housing assistance resources for our most vulnerable elderly populations – promoting their independence and inclusion in […]

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August 6, 2013

Promoting the American Dream of Homeownership

Cross posted from WhiteHouse.gov Today, I joined President Obama in visiting Phoenix, where he laid out his vision for a housing system that promotes the American dream of homeownership. For years, owning a home was a symbol of responsibility and a source of security for millions of middle-class families across the country. But the financial […]

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