Housing and Urban Development

Homeowners Get Extension to Apply for Mortgage Help

The deadline for distressed homeowners to apply for a government mortgage aid program has been extended through Wednesday. The Emergency Homeowner's Loan Program offers up to $50,000 in interest-free loans to qualified homeowners to help pay their monthly mortgage for up to two years.

Unemployed and Seeking Shelter from the Storm

The housing crisis continues unabated, and millions of unemployed Americans remain at risk of ending up homeless. But additional government help is arriving from the Obama administration, and nonprofit agencies are making a difference in the efforts of some families to get help from their lenders.

New Housing Starts Plunged 11.7% in October

U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construction, did inch 0.5% higher last month. U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construction, did inch 0.5% higher last month.

Philly Scandal Puts Spotlight on Public Housing's Problems

Carl Greene ran the Philadelphia Housing Authority for years with little oversight, until recent revelations about a series of scandals from sexual harassment to financial mismanagement landed him in hot water. But Greene's misdeeds may be just a symptom of the problematic culture of U.S. housing authorities.

Home Mortgage Modifications Decline in July

Fewer Americans received home-loan modifications in July under the Obama administration's program to reduce foreclosures and delinquencies. A report released Friday showed that 36,695 households received long-term mortgage modifications, compared to more than 51,000 in June.

Fixing Fannie and Freddie:
The Debate Begins

The Obama administration acknowledged Tuesday that major changes must be made to mortgage giants Fannie Mae and Freddie Mac, but indicated that it supports continuing government guarantees in the mortgage sector. But is that a good idea?