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On the heels of our report detailing short-sale flipping and other kinds of mortgage fraud that are on the rise, the Federal Housing Administration plans to announce it will tighten lending standards to try to stem rising defaults. Full Article at The Washington Independent
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Reporting from Washington - Home buyers will have to pay more cash upfront to get a mortgage backed by the Federal Housing Agency -- including, possibly, coming up with a larger minimum down payment -- and will need to achieve higher minimum credit... Full Article at Los Angeles Times
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FTC Chairman Jon Leibowitz (L) speaks as U.S. Treasury Secretary Tim Geithner, Attorney General Eric Holder and HUD Secretary Shaun Donovan (R) look on as they discuss efforts being made to combat mortgage modification fraud in the housing market at a m... View Photo »
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As we looked at it, we really felt we needed to do something more dramatic ... We need to make sure the people of New Orleans have a housing authority that serves their needs, and quite frankly HANO hasn't been doing that.
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By Nick Timiraos The Federal Housing Administration, faced with rising losses on home loans that it insures, is set to announce Wednesday a raft of measures it is considering to protect its dwindling reserves.Shaun Donovan, secretary of the U.S. Full Article at Wall Street Journal
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An East Pittsburgh public housing development has been awarded $4.4 million in federal stimulus funding for "green" renovations, federal and local officials said today. Full Article at Pittsburgh Post-Gazette
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WASHINGTON - President Barack Obama predicted that professed Sept. 11 mastermind Khalid Sheikh Mohammed will be convicted, as Attorney General Eric Holder defended putting him through the U.S. Full Article at Atlanta Journal Constitution Vendor
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U.S. Treasury Secretary Tim Geithner speaks as Attorney General Eric Holder (C) and HUD Secretary Shaun Donovan (R) look on as they discuss efforts being made to combat mortgage modification fraud in the housing market at a meeting at the Treasury Depar... View Photo »
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Nov. 17, 2009 - United States Attorney Benjamin B. Wagner announces today that he has been appointed chair of a national mortgage-fraud working group as a part of the newly announced interagency Financial Fraud Enforcement Task Force announced by U.S. Full Article at YubaNet
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Holder: Don't fear trial of 'coward' 9/11 plotter By DEVLIN BARRETT Associated Press Writer Manuel Balce Ceneta Attorney General Eric Holder, second from left, speaks at the Justice Department in Washington, Tuesday, Nov. 17, 2009, during a news... Full Article at KansasCity.com
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AP Photo
President Barack Obama makes remarks on housing refinancing, Thursday, April 9, 2009, in the Roosevelt Room of the White House in Washington. The president is joined by Housing and Urban Development Secretary Shaun Donovan, center, and Washington homeowner Gail Johnson.
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AP Photo
President Barack Obama makes remarks on housing refinancing, Thursday, April 9, 2009, in the Roosevelt Room of the White House in Washington. The president is joined by Housing and Urban Development Secretary Shaun Donovan, center, and Washington homeowner Gail Johnson.
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Getty Images
LOS ANGELES, CA - APRIL 08: HUD Secretary Shaun Donovan (C), along with Rep. Maxine Waters (D-CA) (L) and Los Angeles Mayor Antonio Villaraigosa (R), addresses a news conference outside a bank-owned home following a tour of foreclosed properties on April 8, 2009 in south Los Angeles, C...
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LOS ANGELES, CA - APRIL 08: HUD Secretary Shaun Donovan (C) and state legislators leave a news conference outside a bank-owned home following a tour of foreclosed properties on April 8, 2009 in south Los Angeles, California.
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LOS ANGELES, CA - APRIL 08: HUD Secretary Shaun Donovan (L) and Rep. Maxine Waters, (D-CA) (C) talk to a neighborhood resident about getting her mortgage assistance after holding a news conference outside a bank-owned home on April 8, 2009 in south Los Angeles, California.
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LOS ANGELES, CA - APRIL 08: HUD Secretary Shaun Donovan (C), along with Rep. Maxine Waters, (D-CA) (L) and Los Angeles Mayor Antonio Villaraigosa (R), addresses a news conference outside a bank-owned home following a tour of foreclosed properties on April 8, 2009 in south Los Angeles,...
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LOS ANGELES, CA - APRIL 08: HUD Secretary Shaun Donovan (L) and Los Angeles Mayor Antonio Villaraigosa tour a foreclosed home on April 8, 2009 in south Los Angeles, California.
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AP Photo
Housing and Urban Development Secretary Shaun Donovan, left, shakes hands with Vice President Joe Biden after a town hall meeting at New Flyer of America Bus Company in St. Cloud, Minn. , Thursday, March 19, 2009, with members of the Obama cabinet including Education Secretary Arne Dunc...
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WASHINGTON - MARCH 18: U.S. Secretary of Transportation Ray LaHood (L) and Secretary of Housing and Urban Development Shaun Donovan (R) testify before the Transportation, Housing and Urban Development, and Related Agencies Subcommittee of the House Appropriations Committee on Capitol H...
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WASHINGTON - MARCH 18: U.S. Secretary of Transportation Ray LaHood (L) and Secretary of Housing and Urban Development Shaun Donovan (R) testify before the Transportation, Housing and Urban Development, and Related Agencies Subcommittee of the House Appropriations Committee on Capitol H...
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WASHINGTON - MARCH 18: U.S. Secretary of Transportation Ray LaHood (L) and Secretary of Housing and Urban Development Shaun Donovan (R) testify before the Transportation, Housing and Urban Development, and Related Agencies Subcommittee of the House Appropriations Committee on Capitol H...
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WASHINGTON - MARCH 18: U.S. Secretary of Transportation Ray LaHood (L) and Secretary of Housing and Urban Development Shaun Donovan (R) testify before the Transportation, Housing and Urban Development, and Related Agencies Subcommittee of the House Appropriations Committee on Capitol H...
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Reuters Pictures
United States Homeland Security Director Janet Napolitano (C) and.
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Reuters Pictures
United States Homeland Security Director Janet Napolitano speaks as.
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AP Photo
Homeland Security Secretary Janet Napolitano, center, listens to Housing and Urban Development Secretary Shaun Donovan, left as newly nominated FEMA Administrator Craig Fugate, right, looks on at a news conference after touring damage caused by Hurricane Katrina in New Orleans, Thursda...
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Reuters Pictures
United States Homeland Security Director Janet Napolitano (L) and. Housing and Urban Development Secretary Shaun Donovan (R) listen as Lawrence Scurich shows them his newly-renovated house during a tour of recovery efforts from Hurricane Katrina in Chalmette, Louisiana March 5, 2009.
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WASHINGTON - FEBRUARY 25: Treasury Secretary Timothy Geithner (R) is flanked by HUD Secretary Shaun Donovan (L) while speaking about the American Recovery and Reinvestment Act, at the Treasury Department February 25, 2009 in Washington, DC.
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WASHINGTON - FEBRUARY 25: Treasury Secretary Timothy Geithner (R) is flanked by HUD Secretary Shaun Donovan (L) while speaking about the American Recovery and Reinvestment Act, at the Treasury Department February 25, 2009 in Washington, DC.
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WASHINGTON - FEBRUARY 25: Treasury Secretary Timothy Geithner (C) is flanked by HUD Secretary Shaun Donovan (L) and James Lockhart of the Federal Housing Finance Agency while speaking about the American Recovery and Reinvestment Act, at the Treasury Department February 25, 2009 in Wash...
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WASHINGTON - FEBRUARY 25: Treasury Secretary Timothy Geithner (C) is flanked by HUD Secretary Shaun Donovan (L) and James Lockhart of the Federal Housing Finance Agency while speaking about the American Recovery and Reinvestment Act, at the Treasury Department February 25, 2009 in Wash...
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WASHINGTON - FEBRUARY 25: Treasury Secretary Timothy Geithner (R) is flanked by HUD Secretary Shaun Donovan (L) while speaking about the American Recovery and Reinvestment Act, at the Treasury Department February 25, 2009 in Washington, DC.
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Getty Images
WASHINGTON - FEBRUARY 25: Treasury Secretary Timothy Geithner (R) is flanked by HUD Secretary Shaun Donovan (L) while speaking about the American Recovery and Reinvestment Act, at the Treasury Department February 25, 2009 in Washington, DC.
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AP Photo
In this Feb. 4, 2009 file photo, first Lady Michelle Obama, followed by Housing and Urban development Secretary Shaun Donovan, left, greets the crowd after making remarks at the Department of Housing and Urban Development in Washington.
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AP Photo
First Lady Michelle Obama, followed by Housing and Urban development Secretary Shaun Donovan, left, greets the crowd after making remarks at the Department of Housing and Urban Development in Washington, Wednesday, Feb. 4, 2009.
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US First Lady Michelle Obama speaks to Department of Housing and Urban Development employees, alongside HUD Secretary Shaun Donovan (L) during a visit to the department in Washington, DC, February 4, 2009.
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AP Photo
President Barack Obama makes remarks on housing refinancing, Thursday, April 9, 2009, in the Roosevelt Room of the White House in Washington. The president is joined by Housing and Urban Development Secretary Shaun Donovan, center, and Washington homeowner Gail Johnson.
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