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11/19/2009
Statements by DHS Secretary Napolitano and HUD Secretary Donovan On Today's Disaster Recovery Stakeholder Forum in Salt Lake City

SALT LAKE CITY-The Long Term Disaster Recovery Working Group held its fourth of five planned stakeholder forums today in Salt Lake City-designed to encourage stakeholders to provide direct input and ideas for disaster recovery

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11/11/2009
President Obama Establishes Interagency Financial Fraud Enforcement Task Force

WASHINGTON - Attorney General Eric Holder, Treasury Secretary Tim Geithner, Housing and Urban Development (HUD) Secretary Shaun Donovan, and Securities and Exchange Commission (SEC) Chairwoman Mary Schapiro today announced that President Barack Obama has established by Executive Order an interagency Financial Fraud Enforcement Task Force to strengthen efforts to combat financial crime. The Department of Justice will lead the task force and the Department of Treasury, HUD and the SEC will serve on the steering committee. The task force's leadership, along with representatives from a broad range of federal agencies, regulatory authorities and inspectors general, will work with state and local partners to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, address discrimination in the lending and financial markets and recover proceeds for victims.

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11/04/2009
Long term Disaster Recovery working group holds inaugural stakeholder forum in New Orleans

NEW ORLEANS-The Long Term Disaster Recovery Working Group held the first of five planned stakeholder forums today in New Orleans. The Working Group, co-chaired by Department of Homeland Security (DHS) Secretary Janet Napolitano and Department of Housing and Urban Development (HUD) Secretary Shaun Donovan and comprised of the Secretaries and Administrators of approximately 20 departments and agencies, will provide President Obama with recommendations on how to improve long-term disaster recovery with a particular focus on catastrophic disasters.

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10/30/2009
HUD takes action against reverse mortgage lender in Hawaii

WASHINGTON - The U.S. Department of Housing and Urban Development today announced that its Mortgagee Review Board (MRB) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc., a Home Equity Conversion Mortgage (HECM or reverse mortgage) lender based in Honolulu, Hawaii. HUD's MRB alleges the Company failed to implement an FHA-required quality control plan; separate its lending operations from those of its affiliated insurance company; conform to prudent lending practices; and properly provide borrowers with housing counseling services.

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10/29/2009
Administration calls on Congress to approve key housing measures

WASHINGTON, DC - Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers Tax Credit for a limited period, extension of higher loan limits for home mortgages, and secure funding for the Housing Trust Fund.

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