Topic: Shaun Donovan (Politician)

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Mortgage relief plan: Can it spark housing rebound?

Mortgage relief aimed at trying to boost lagging housing sector. Most of the $25 billion mortgage relief will go to homeowners struggling to pay their mortgages.
Will $26 billion settlement from big banks repair US housing market? (+video)

In the short term, the deal between 49 states and five big banks may actually boost foreclosures, some say. In the longer term, it should clear the inventory of homes that depresses prices and help the middle class.
Fannie Mae and Freddie Mac regulator throws lifeline to underwater homeowners

Fannie Mae and Freddie Mac: The overhaul, which would only help a fraction of the country's 11 million underwater borrowers, is the latest government effort to breathe life into the crippled US housing market.
Tornado-stricken South begins damage tally, rebuilding

The recovery from devastating tornadoes across the South accelerated over the weekend as federal and state agencies moved quickly to help the thousands of people left homeless.
How housing market might muddle through new foreclosure crisis

The foreclosure crisis over paperwork may sting big banks and slow the foreclosure process, but it is unlikely to have lasting effects on the housing market, say financial experts.
Obama vows to end 'turf wars, red tape' hindering Katrina recovery

President Obama spoke on the fifth anniversary of the day the Hurricane Katrina touched ground in the Gulf Coast. He also addressed the recent Gulf oil spill that continues to impact the region.
Housing department to funnel $1 billion to hard-hit areas

With housing starts rising in April, HUD Secretary Shaun Donovan says his department will reallocate up to $1 billion to help areas where the housing industry has not recovered.
Mississippi Delta earthquake: America's Haiti waiting to happen?

Scientists predict a Haiti-magnitude earthquake along the New Madrid fault during the next 50 years. The fault runs under the Mississippi Delta, one of the poorest parts of the US.
New round of foreclosures delivers blow to recovery

Foreclosures hit new highs in April and more are expected in months ahead.