HUD's Donovan Hopes for Refinancing Plan in a 'Couple Weeks'.
The Dow Jones Newswires (10/12, Yoon, Subscription Publication) reports that HUD Secretary Shaun Donovan said that the "plan to expand a US government program to help more borrowers refinance at the lowest interest rates in decades could be ready within a couple of weeks as regulators hammer out details." Donovan also stated that HUD "is working with the regulator of mortgage finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) to find ways to reduce barriers that have limited the reach of the government's flagship program to help borrowers who have lost home equity."
PD&R Leadership Message Archive
International & Philanthropic Spotlight Archive
Spotlight on PD&R Data Archive
Publications
Collecting, Analyzing, and Publicizing Data on Housing Turnover
Resilience Planning: What Communities Can Do to Keep Hazards from Turning into Disasters
Cityscape: Volume 26, Number 3
Case Studies
Case Study: Former School in Charleston, South Carolina, Transformed into Affordable Housing for Seniors
Case Study: Avalon Villas Combines Affordable Housing and Services for Families in a Gentrifying Phoenix Neighborhood
The contents of this article are the views of the author(s) and do not necessarily reflect the views or policies of the U.S. Department of Housing and Urban Development or the U.S. Government.
Note: Guidance documents, except when based on statutory or regulatory authority or law, do not have the force and effect of law and are not meant to bind the public in any way. Guidance documents are intended only to provide clarity to the public regarding existing requirements under the law or agency policies.