BUSH ADMINISTRATION’S FHASECURE PLAN HELPING TENS OF THOUSANDS OF FAMILIES KEEP THEIR HOMES
WASHINGTON – In response to the Bush Administration’s plan to help families avoid foreclosure, tens of thousands of homeowners are refinancing their exotic subprime loans with HUD’s new government-backed mortgage product. HUD Secretary Alphonso Jackson today announced that more than 33,000 borrowers have already refinanced their subprime home loans with FHASecure, a government-insured foreclosure avoidance initiative created in September. An additional 20,000 are in the pipeline for approval this month, bringing the total to more than 53,000 in a four month period.
HUD CHARGES ALABAMA LANDLORD WITH VIOLATING FAIR HOUSING ACT
WASHINGTON – The U.S. Department of Housing and Urban Development announced today that it has charged Neysa C. Crim of Decatur, Alabama, with violating the federal Fair Housing Act for refusing to rent her home to an African-American man, making unlawful and discriminatory statements and falsely representing that a house was unavailable to rent.
HUD TO TAKE OVER RENTAL HOUSING ASSISTANCE FOR NEARLY 30,000 RESIDENTS AFFECTED BY 2005 HURRICANES
WASHINGTON – Nearly 30,000 residents affected by the 2005 Gulf Coast hurricanes will continue to receive housing assistance when the U.S. Department of Housing and Urban Development (HUD) assumes control of the Federal Emergency Management Agency’s (FEMA) rental program on December 1, 2007. HUD continues to work with its local public housing agencies (PHA) to reach out to those families who are eligible for this critical housing program to ensure their rent payments continue, and to offer them services to help them get back on the road to self-sufficiency.