Legal

Stay in-the-know on legal news for the mortgage, housing and finance industries.

Latest Posts

HUD Readies $4 Billion for Foreclosure Prevention 

Sep 29, 2008By

The U.S. Department of Housing and Urban Development is rolling out funds tied to the Housing and Economic Recovery Act of 2008, and announced Friday that its newly-minted Neighborhood Stabilization Program (NSP) will provide $3.92 billion in relief to areas suffering high foreclosure rates. “Clearly, the intent is to put this money to work in communities with the highest need and to have a meaningful impact,” HUD secretary Steve Preston said in a press statement.

What's New?
Updated 2 months ago
manage feed