Senate approves former presidential candidate Ben Carson as new HUD secretary



A U.S. senate committee has voted unanimously to approve former Republican party presidential candidate Ben Carson as the new secretary of the Department of Housing and Urban Development.

HUD steps up to defend non-English speakers’ housing rights



The Department of Housing and Urban Development (HUD) has had to step in with new guidance reminding people that those with limited English proficiency are also protected under the Fair Housing Act.

Using FHA to Pay for your Investment Rehab



Short sales and foreclosures are the two most prevalent vehicles for investors looking to purchase distressed properties at a discount. However they are not easy on either the nerves or the wallet. Almost all of them require some amount of rehabilitation and remodeling, along with bringing current any deferred maintenance the property may have suffered while it was sitting empty

Chicago Begins Renovating and Renting out Foreclosed Condos



Cities across the US are grappling with the same question: What to do with all of those homes left vacant by the large number of foreclosures? While government agencies at a national level struggle to put together a coherent program for transforming foreclosed homes into rental properties, it seems that some cities are already taking matters into their own hands.

October Housing Scorecard a Reason for Optimism



An optimistic showing from U.S. housing markets over the last month has been revealed by new data released by the Obama administration. The October Housing Scorecard Report showed that sales of new homes rose to 26,100 in the last month, but while this is more sales than August’s total of 24,700 new home sales, it’s […]

Study Shows Link Between Poor Health and Poor Neighborhoods



A new study has given more weight to the notion that the area in which you life can seriously impact your overall health. As part of a large experiment that began over a decade ago, a number of low-income women living in public accommodation in the cities of Baltimore, Boston, Chicago, Los Angeles and New […]

Freddie Mac and HUD Provide Irene Victims with Mortgage Relief



Homeowners who were affected by Hurricane Irene are to be offered assistance by Freddie Mac, following the massive damage resulting from flooding caused by the storm. Freddie Mac announced that it would offer homeowners impacted by Irene a period of forbearance on their mortgage repayments up to one year, in addition to a 12 month […]

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