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Home | Magazine

HUD Awards Nearly $120 Million to Four Communities

HUD Awards Nearly $120 Million to Four Communities

Four American communities are getting a facelift. HUD Secretary Shaun Donovan announced Monday that the department was awarding four cities a combined $119.7 million to redevelop and bring revitalization to blighted areas. The award is the latest extension of the department’s "Choice Neighborhoods Initiative," which attempts to take a comprehensive approach to struggling neighborhood revitalization.

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New York AG Announces State Loan Program to Prevent Foreclosures

New York AG Announces State Loan Program to Prevent Foreclosures

The government of New York is taking further steps to try to stem the tide of foreclosures that still lingers in the Empire State today. New York Attorney General Eric T. Schneiderman announced the launch of the New York State Mortgage Assistance Program, or NYS MAP, which will provide targeted small loans to families with the aim of helping them avoid foreclosure.

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HUD Settles Discrimination Complaint

HUD Settles Discrimination Complaint

HUD announced the latest development in its effort to crack down on discriminatory housing practices Thursday. The department reached a settlement agreement in cooperation with the Connecticut Fair Housing Center (CFHC) with respondents Lil-1 Associates, AllPoints Realty and realtor Lillian Polak stemming from allegations that they published discriminatory listings and advertisements for condominiums stating that children were not permitted in the units, in violation of federal law.

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HUD: Allegations Settled over Maternity Leave Discrimination

HUD: Allegations Settled over Maternity Leave Discrimination

The U.S. Department of Housing and Urban Development (HUD) announced that it has settled with Utah-based Mountain America Credit Union allegations of discrimination against prospective borrowers on maternity leave. Mountain American Credit Union is the second largest credit union in Utah and the 35th largest credit union in the United States.

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May Equity Home Sales Continue to Rise in California

May Equity Home Sales Continue to Rise in California

Higher home values have continued to fuel more equity home sales, making up more than 80 percent of all home sales for the past 11 consecutive months, according to the California Association of Realtors (CAR). The group noted that pending home sales receded slightly in May, as investors pulled out of the market due to higher home prices.

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Inventory Levels Continue to Improve in Florida

Inventory Levels Continue to Improve in Florida

Florida's housing market had more new listings, an increase in median prices, and an uptick in inventory in May, according to Florida Realtors. Completed sales of single-family homes totaled 23,013 across the state, an increase of 3.6 percent over the May 2013 figure.

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Bank Collapses Continue to Grow; Failures Total 11

Bank Collapses Continue to Grow; Failures Total 11

The list of 2014 bank collapses grew into the double digits over the weekend as River Valley Bancorp was forced to close two of its subsidiary operations. In separate releases issued Friday, FDIC announced the shuttering of Valley Bank branches in Moline, Illinois, and Fort Lauderdale, Florida, bringing the 2014 bank failure tally to 11 so far.

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