Adequate housing as a component of the right to an adequate ...
ALAI-América Latina en Movimiento, Ecuador
The first chapter of the present report discusses the housing/mortgage and financial crisis. The second chapter relates these crises to prevalent economic, financial and housing policy approaches and their impact on the right to adequate housing. ...

Closing Market Recap: Stocks Slide, Canadian Dollar Hits 4-Year Low
ForexTV.com, NY
Market watchers are also expecting Fannie Mae to announce the sale of approximately $10 billion in three-year notes. The raft of supply was swallowed by the market because of continuing troubles in equity markets. The S&P 500 closed down another 1% and ...

Realtors notice disturbing trend
ABC12.com, MI
By Joel Feick MID-MICHIGAN (WJRT) -- (03/09/09)--If you're interested in pursuing a home that's been in foreclosure, you should be aware of a disturbing trend. Real estate agents are reporting previous owners in some cases are trashing the places. ...

Are General Electric shares a good deal?
Forbes, NY
Investors worry about possible big losses at GE Capital commercial mortgage business, though GE has said the rumors are overblown and that it expects a profit in 2009 at GE Capital. GE Chief Executive Jeffrey Immelt acknowledged in his annual ...

Obama and the economy: 'It's his problem now'
World Tribune
Then there were the housing mortgage assistance programs that lured people to Levittown, Long Island and many other suburbs. Those were halcyon days. Before World War II, movies cost 35 cents. When "Gone With The Wind" opened in 1939, MGM charged 75 ...

Fitch Rates Chicago Board of Education, Illinois' $130MM GOs 'A+ ...
Earthtimes (press release), UK
Both the tax and employment bases are diverse, and the city is the economic engine of the state. Nonetheless, like many large urban areas, Chicago has significant subprime mortgage exposure and foreclosure rates are well above the national average. ...

Negative Sentiment Drags Aussie and Kiwi to Recent Lows
CEP News, Canada
UK bank Lloyds has agreed to give over control of Britain's largest mortgage provider to the government in exchange for 260 billion pounds under the guarantee program. According to some media reports, the government could raise its stake in Lloyds to ...

Credit crunch, what credit crunch? Consultants to be paid £6m for ...
Daily Mail, UK
By Daily Mail Reporter Consultants will be paid more than £6 million to help the Government host April's G20 summit in London, it emerged tonight. Junior Foreign Office minister Gillian Merron gave details of four contracts worth an expected £6204065 ...

WASHINGTON - The U.S. Department of Housing and Urban Development announced today that it has produced videos for YouTube and Facebook designed to educate Deaf and hard-of-hearing consumers about their fair housing rights, housing counseling services, and loan programs offered by the Federal Housing Administration (FHA).

With 1 in 5 homeowners underwater, many pundits predict a flood of people walking away from their homes. Five readers talked to us about why they are - and are not - sticking around.

WASHINGTON - The U.S. Department of Housing and Urban Development today announced that it intends to seek further public comment on how it should define the scope of a prohibited practice called "required use" under the Real Estate Settlement Procedures Act (RESPA). HUD will delay the planned implementation of RESPA's required use provision for 90 days, or until July 16th, as it solicits public comment on whether to withdraw its new definition that would have taken effect in January.

WASHINGTON - The U.S. Department of Housing and Urban Development today awarded nearly $12 million in grants to 207 public housing agencies across the U.S. to help public housing residents find jobs that lead them toward economic independence. For information on local funding, visit HUD's website.

HOUSTON - U.S. Housing and Urban Development Secretary Shaun Donovan today accepted a $1.3 billion plan to support long-term disaster recovery in the State of Texas following Hurricanes Dolly and Ike last year. Funded through HUD's Community Development Block Grant (CDBG) Program, the Texas recovery plan seeks to produce affordable rental housing, build critical public infrastructure, and support economic revitalization.

More than 11% of all American homeowners who hold a mortgage are either delinquent or in foreclosure, according to an industry report released Thursday.

The Obama administration's foreclosure prevention program was launched Wednesday.

Question: I purchased a home last December and qualified for a $7,500 first-time homebuyer's tax credit that I must repay. But I now see that the stimulus package is offering an $8,000 first-time homebuyer credit for purchases from January 1 through November 30, 2009 that doesn't have to be repaid. Will I still have to pay back the $7,500 even though I bought my house just two weeks before the beginning of this year? This sort of timing would be just my luck. --Jeremy, West Lafayette, Indiana

NEW ORLEANS - On day one of U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and U.S. Department of Homeland Security (DHS) Secretary Janet Napolitano's listening tour throughout New Orleans and the Gulf Coast, the secretaries announced hundreds of millions of dollars in funding to Louisiana to stimulate long-term recovery in the wake of last year's devastating hurricane season and Hurricanes Katrina and Rita.

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