Fed tapering timeline shakes rates · Fed chair janet yellen said her expectation for the first increase in the Federal Funds Target Rate would come approximately six months following the end of the asset purchase program.
09/18/2014: HUD and Census Bureau Announce New Residential Construction Activity in August (14-112) 09/19/2014: Obama Administration Announces Competition to Designate Next Round of Promise zones (14-113) 09/23/2014: hud awards .5 Million to Help Seniors and Persons with Disabilities to Live Independently at Home (14-110)
Treasury Prepares Principal Reduction Initiative under HAMP In 2009, Treasury launched its signature mortgage modification program, HAMP. Under this program, homeowners who are in default on their non-GSE mortgages or at imminent risk of default can apply to their mortgage servicer For more information on HAMP mortgage modifications, see SIGTARP’s July 2013 Quarterly Report, pages 55-81.
Obama Tries to End the Cycle of Broken Poverty Promises Pouring federal aid into poor communities hasn’t accomplished much in the past. But the Obama administration insists its Promise Zones.
Radian launches homeownership pilot program in Tucson Chicago considers eminent domain to seize underwater mortgages In conjunction with a San Francisco outfit called Mortgage Resolution Partners, San Bernadino is considering a plan to exercise eminent domain and seize mortgage liens on some of those underwater..TUCSON, Ariz. (AP) – Authorities say a civilian pilot is dead after the crash of a Pima County Sheriff’s Department helicopter on the side of a rugged mountain in Tucson. All three passengers are.Wells Fargo standing by accuracy of foreclosure affidavits Wells Fargo will not join BofA in foreclosure suspension – Wells Fargo [stock WFC][/stock] will not suspend foreclosures and stands by the accuracy of its affidavits, Jason Menke, a spokesman for the San Francisco-based bank, told HousingWire. Ally.
THIRD ROUND PROMISE ZONES DESIGNATION PROMISE ZONE COMPETITION The Obama Administration invites a new round of eligible applicants to apply for a promise zone designation. Urban, rural, and tribal communities nationwide are invited to put forward plans to address multiple community revitalization challenges in a collaborative way.
Other cities receiving grants through HUD’s. as a federal Promise Zone, which gives the region bonus points on applications for federal grants to aid the poorest neighborhoods in St. Louis..
· Are the Obama administration’s Promise Zones’ a promising anti-poverty strategy?. According to HUD, since 2009, the administration has invested more than $350. Trump expected to.
WASHINGTON – Today, U.S. Department of Housing and Urban Development (HUD) Secretary Julin Castro and U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that communities may now apply to be designated a Promise Zone under the third and final round competition.
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WHAT IS PROMISE ZONE. Each Promise Zone will be coordinated by a lead community based organization in partnership with the Obama Administration. HUD will be the federal lead for the five urban designees, while USDA will serve as the lead federal partner to the tribal and rural Promise Zones.
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Promise Zone Benefits. The Promise Zone designation will last for a term of 10 years. During this term, the specific benefits made available to Promise Zones will vary from year to year, and sometimes more often than annually, due to changes in the agency policies and changes in appropriations and authorizations for relevant programs.
ATLANTA – Mayor Kasim Reed joined U.S. Department of Housing and Urban Development (HUD) Secretary Julin Castro today to announce the City of Atlanta has been named a Promise Zone community.
Sprint CEO Marcelo Claure and T-Mobile CEO John Legere announce that the two companies have reached. a key criterion for the deal receiving regulatory approval. The Trump administration, widely.