Housing agency loosens foreclosure aid rules (Reuters via Yahoo! News) The U.S. Department of Housing and Urban Development will loosen terms of its foreclosure-prevention effort so that the program, meant to backstop $300 billion in home loans, can be more effective, the agency said on Wednesday.
HUD Said to Entice Banks to Enter Foreclosure Program (Update1) (Bloomberg) Nov. 19 (Bloomberg) -- The Bush administration, seeking to entice more lenders to join a program aimed at preventing foreclosure, is considering a reduction in the costs for the banks that sign up, a senior administration official said.
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