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Loan Modification

: Mortgage Lender Implode-o-Meter

Obama Administration announces an additional $1 billion to foreclosure-stricken neighborhoods

By Implode-Explode Heavy Industries

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"U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan has awarded an additional $1 billion in funding to all states along with a number of counties and local communities struggling to reverse the effects of the foreclosure crisis. The grants announced today represent a third round of funding through HUD?s Neighborhood Stabilization Program (NSP) and will provide targeted emergency assistance to state and local governments to acquire, redevelop or demolish foreclosed properties."

Full post as published by Mortgage Lender Implode-o-Meter on September 08, 2010 (boomark / email).

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