Economy
by Joshua Dorkin
| February 6, 2009
According to the AP, Treasury Secretary Timothy Geithner is set to give a major speech on Monday to outline the $700 billion rescue plan.
As a part of any bailout package we’ll see, the government will certainly make some major moves in the real estate and banking space.
Meanwhile, real estate lobbyists were pressing the government to [...]
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Economy
by Steve Heideman
| January 27, 2009
Mortgage markets deteriorated last week on the heels of weak economic data and uninspiring corporate earnings.
Mortgage rates rose for the second week in a row. They’re now measurably higher than the low point set 3 weeks ago.
For mortgage rate shoppers, though, last week’s most important stories weren’t necessarily last week’s most reported stories; the [...]
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Joshua Dorkin
Charles Feldman
Ted Karsch.
New HUD Secretary, Shaun Donovan, Confirmed
by Rob K. Blake | January 24, 2009The U.S. Senate confirmed Shaun L. S. Donovan as secretary of the U.S. Department of Housing and Urban Development (HUD) replacing former HUD chief Steven C. Preston.
Donovan Bio
Shaun Donovan was born in New York, is 42 and married. Donovan earned undergraduate and post graduate degrees from Harvard. This lead to positions at FHA and [...]