May 9, 2012

New HAMP Enhancements Will Help Military Homeowners

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Cross posted from Our military families make many sacrifices for our nation, and not just when a servicemember goes into combat. Military families also face challenges when a servicemember receives orders for a Permanent Change of Station (PCS) move to another base, and the family has to decide whether to go along or live […]

April 11, 2012

Finding help for Homeowners

Last week, Secretary Donovan sat down with the Florida Times-Union editorial board in Jacksonville to discuss the recent Obama Administration housing announcements including universal refinancing, HAMP expansion, the Homeowner Bill of Rights and the settlement with mortgage servicers. Some distressed Florida homeowners have relief on the way thanks to a $25 billion national settlement with […]

April 9, 2012

Secretary Donovan on Morning Joe and C-SPAN Newsmakers

Secretary Shaun Donovan appeared on C-SPAN’s Newsmakers to discuss the recently court approve Obama Administration advances – including expansion of HAMP and the success of HARP 2.0 homeowners. The joint state-federal mortgage servicing Administration have forwarded significant steps toward housing market recovery and an America built HUD Secretary Shaun Donovan’s interviews are below:

March 12, 2012

Myth vs. Fact: Setting the Record Straight about Historic Mortgage Servicing Settlement

On February 9, the Department of Justice, the U.S. Department of Housing and Urban Development, other federal agencies, and 49 state attorneys general announced the largest federal and state settlement agreement in history with the five major mortgage servicers for their mortgage servicing practices.  This $25 billion agreement is the most significant action to hold […]

February 22, 2012

HAMP’s Role in the Settlement

An article in last Friday’s Financial Times raises questions about the historic mortgage settlement between the five largest mortgage servicers in the United States, 49 state attorneys general, and the federal government. The article, entitled “US taxpayers to subsidise $40 bn housing settlement,” argues that there is a taxpayer subsidy because modifications performed under the […]