Wednesday, April 7, 2010 as of 11:14 AM ET
Shaun L.S. Donovan (born January 24, 1966) is the United States Secretary of Housing and Urban Development, serving in the cabinet of President Barack Obama.
Read More at Wikipedia ›Big banks are mailing letters offering to cut mortgage debt for hundreds of thousands of borrowers as part of a $25 billion foreclosure abuse settlement with state attorneys general, U.
S. Housing and Urban Development Secretary Shaun Donovan said Tuesday. "There are thousands of families that have already benefited and hundreds of thousands more that are now getting these letters, not just from Bank of America, but they are being mailed from all of the five banks," Donovan said at a Senate Banking Committee hearing. Donovan's comments came after reports that Bank of America executives are offering mortgage principal reduction to as many as 200,000 borrowers. The banks involved in the settlement are Bank of America Corp. , J.P. Morgan Chase & Co. , Wells Fargo & Co. , Citigroup Inc. , and Ally Financial Inc.Copyright © 2012 MarketWatch, Inc....
FBN’s Charlie Gasparino on efforts to reach a mortgage settlement.
DOW JONES NEWSWIRESA potential settlement to resolve alleged foreclosure abuses would give states authority to punish U.S. banks that mistreat borrowers in the futur...
FBN’s Charlie Gasparino on why California is a holdout in a potential nationwide foreclosure settlement.
(Inserts paragraph four with comment from Iowa Attorney General Miller)WASHINGTON -(Dow Jones)- The Obama administration came under fire Monday from U.S. Democratic ...
FBN’s Charlie Gasparino on the Administration’s push for State Attorneys General to reach a settlement on the mortgage foreclosure talks.
U.S. Bancorp Inc. (USB) on Wednesday confirmed that negotiations between banks, regulators and state attorneys general to settle messy foreclosures now include regio...
The Justice Department on Wednesday announced a $335 million settlement with Bank of America Corp. over alleged discriminatory lending practices by its Countrywide F...
FBN’s Gerri Willis on Fannie Mae and Freddie Mac spending taxpayer money to send employees to a mortgage conference in Chicago.
FBN’s Peter Barnes on the possibility that the housing administration may need $100 billion.
Rep. Randy Neugebauer, (R-Texas), on investigation of fraud at the HUD.
HUD Secretary Shaun Donovan on the overhaul to the federal refinance program in an effort to help homeowners refinance.
Mortgage rates climbed this week after investors became less pessimistic about the financial crisis in Europe and the employment market in the United States. But rat...
Mortgage lenders and consumer groups have launched at frenzied round of lobbying over one of the major issues financial regulators face from the 2008 financial crisi...
The U.S. government and 49 states filed a $25 billion settlement of alleged foreclosure abuses in federal court on Monday, capping a year of negotiations with five m...
Housing and Urban Development Secretary Shaun Donovan on the Administration’s efforts to help the housing market.
Winding down Fannie and Freddie Mac.
-Bond investors wary of steeper losses as banks implement settlement-HUD says assertion that banks would use investor money is "just false."-Banks may keep foreclosu...
The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal ...
The mortgage foreclosure settlement looks to be in the final stages of being negotiated and an announcement could come as soon as Thursday morning, sources close to ...
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