
	Saturday July 19, 2008

26,235 Active Members Register

Welcome, Guest Sign In

Home

Latest Headlines

Popular Stories

Bookmark Us

Reader Comments

SUBSCRIBE

SEARCH OUR SITE


30 Yr Fix	6.37%	0.02%
15 Yr Fix	5.91%	-0.01%
1 Yr ARM	5.17%	0.00%
5/1 ARM	5.82%	0.04%
30 Yr Tres	4.47%	-0.05%
Fed Prime	5.00%	-0.25%
Mortgage Rates \| Blog

MND Features

-	Wiki
-	Video News
-	Mortgage License Information
-	Real Estate License Information
-	Mortgage Content Syndication
-	Mortgage Fraud
-	Housing Bubble

News Archives

Submit A News Tip
or Story Idea

Free Subscription To News Alerts
Stay up to date on breaking news with our free News Alert Service.

HUD Secretary to Resign

1301 Views - Printer Friendly - Email This Story To A Friend

ADD NEWS TO YOUR WEBSITE

Secretary of Housing and Urban Development Alphonso R. Jackson announced his resignation at a press conference Monday morning. The Secretary said he was stepping down in order to spend more time with his family.

The secretary is stepping down at a time when federal investigators are looking into contracting activities in the Department. Specifically they are looking at whether he had arranged for lucrative housing contracts to be given to friends in New Orleans and the Virgin Islands and that he had threatened to withdraw federal assistance from the Philadelphia Housing Authority after it refused to surrender a valuable property to a politically connected developer.

One of the agencies that Jackson oversees in the Federal Housing Administration which is playing a key role in the administration's attempts to assist homeowners in the current foreclosure crisis.

Jackson will step down on April 18. He has been HUD secretary since 2004 and, before that, served as deputy secretary.

Story Views: 1301 | Permalink

Story Tools

Email This Story To A Friend

Subscribe To News Alerts

Related Tags

Select a Tag for more information related to that Tag. (View All Tags)

Comments (0)

No Comments At This Time

Post A Comment

Please fill out the form below to submit a comment.

Name:
(Required - Type Anonymous or Use First Name Only if Private)

Email Address:
(Not Required So No Fake Emails Please.)

URL or Weblog:
(Leave Blank If You Don't Have One - Use http://)

Comments:
(Please keep comments on topic. No HTML Allowed. No Advertisng.)
Please Note: Due to Comment Spam, all comments are reviewed by hand. Most comments will appear shortly after submission but it may take up to 12 hours to appear. If you would like to come back, click here to Bookmark the page.
PLEASE DO NOT USE ALL CAPS

Character Count = (5000 Character Limit)

If you would like to leave a longer comment, please submit your comments in 5000 character increments and we will merge your comments.

Notify me via email when my comment is approved.

Note: Please don't bother spamming. All submissions are reviewed by our our editorial staff. Comment spam and irrelevant links will not be approved.

Trump Talks Economy, Oil and Real Estate

New Evidence of Deceptive Practices at Countrywide

Reader Comments (More)

Let’s face it. It seems that each time the government introduces new laws to combat real estate fraud someone introduces innovat...
Read

I believe that lending is a two way street. The lenders obviously failed some of the borrowers out there, but over 90% of mortgage...
Read

This is a very interesting topic with some very interesting comments. I have written on this myself and proposed a similar and eve...
Read

Home - Contact - Sitemap - Disclaimer - Privacy Statement - Advertising

All Content Copyright © 2003 - 2008 Brown House Media, Inc. All Rights Reserved.
Reproduction in whole or in part in any form without the express written permission of MortgageNewsDaily.com is prohibited.