Poorly rated nursing homes got HUD-guaranteed mortgages anyway

By Jeff Kelly Lowenstein

Hundreds of poorly rated facilities received mortgage guarantees.

Excerpts from this story referencing "Center for Public Integrity":

"… w-cost, HUD-backed mortgages worth close to $2.5 billion, according to the Center for Public Integrity’s analysis of loan and ratings data.  Even though HUD restructured …"

HUD cuts to devastate mortgage counseling agencies across nation

By Ben Hallman

HUD mortgage counseling program loses funds, hundreds of housing counseling agencies hammered

Excerpts from this story referencing "HUD":

"… mittee recently approved a budget for 2012 that also doesn’t include any HUD housing counseling dollars. A group of senators is trying to restore fundi …"

"… tern Tennessee may lay off as many as four employees when its $1.2 million HUD grant runs out at the end of this month, Xanthopoulos said. Many more coun …"

"… gencies that helped 65,000 families last year with about $1.2 million from HUD. Thirty of those agencies will close their doors if Congress does not rest …"

"… of those agencies will close their doors if Congress does not restore the HUD housing counseling funding, said Graciela Aponte, a legislative analyst. …"

As Fannie, Freddie flounder, six top execs receive handsome rewards

By John Solomon and Julie Vorman

Obama administration approves $34 million in compensation without market analysis of executive pay

Excerpts from this story referencing "Spencer Bachus":

"… ail.Another senior Republican, House Financial Services Committee Chairman Spencer Bachus of Alabama, recently introduced legislation that would suspend existing co …"

Philadelphia Housing Authority spent millions improperly

By Aaron Mehta

The agency in charge of low-income housing for Philadelphia paid $30.5 million to outside law firms over a three-year period and couldn’t fu

Excerpts from this story referencing "law firms":

"… harge of low-income housing for Philadelphia paid $30.5 million to outside law firms over a three-year period and couldn’t fully explain what the money paid …"

"… general said the Philadelphia Housing Authority, which made payments to 15 law firms between April 2007 and April 2010, failed to provide auditors with basic i …"

"… r in a statement. “Taxpayers can’t be on the hook for a blank check to law firms.”The findings of the audit echo a report put out by the Center for Publi …"

Public housing, private frustration

By Brian Ross, Avni Patel, John Solomon and Laurel Adams

HUD-funded housing projects wasted money on belly dancers, sex offenders and dead residents....

Excerpts from this story referencing "Washington":

"… uo;ve shown me here are corrected as quickly as possible.” …"

"… ould go undetected for years by HUD. “We expect that the agency in Washington, D.C. ought to be making sure that every taxpayer dollar is spent in a res …"

"… ave flourished at HUD-funded housing agencies because federal officials in Washington have been asleep at the switch. And every dollar lost to fraud or mismanag …"

"… of private frustration over what they perceive as continuing neglect from Washington. For more than a decade, officials have promised action for the 320 fami …"

Lax oversight of Fannie Mae and Freddie Mac

By The Center for Public Integrity

Government-sponsored companies spent $170 million on lobbying over the past decade, and contributed $4.8 million to congressional campaigns

Excerpts from this story referencing "Fannie Mae":

"… ter years of calls for Congress to create stronger regulatory oversight of Fannie Mae and Freddie Mac, time ran out in 2008 when the two mortgage giants collaps …"

"… ge giants collapsed, forcing a costly government bailout. Congress created Fannie Mae during the Great Depression to buy mortgages and free up capital so that l …"

Fannie’s favorite son

By Matthew Lewis

The federal rescue plan for Fannie Mae and Freddie Mac is just waiting for the president’s signature at this point, but that doesn’t mean th

Excerpts from this story referencing "Fannie Mae":

"… 00 contribution from separate Freddie officers. …"

"… mself.According to data from the Federal Election Commission, 17 of the 58 Fannie Mae officials holding “senior management” positions — as defined by Fann …"

"… in total to Obama. Company wide, the Obama popularity gap really opens up.Fannie Mae-identified individuals have given $66,899 to the junior senator from Illin …"

Housing secretary to release funds to struggling nonprofits

By John Dunbar

WASHINGTON, February 13, 2002 — Department of Housing and Urban Development Secretary Mel Martinez said yesterday that dozens of struggling

Excerpts from this story referencing "Housing":

"… the $1.3 million to be delivered by the first week of March. …"

"… groups.Martinez startled members of both the Senate Committee on Banking, Housing and Urban Affairs and the House Financial Services Subcommittee on Housing …"

"… Housing and Urban Affairs and the House Financial Services Subcommittee on Housing and Community Opportunity yesterday by telling them there was never any vi …"

"… was caused by a failure to obtain paperwork from the Office of Multifamily Housing Assistance Restructuring (OMHAR), a government Housing division that Marti …"

Bradley was driving force behind biggest tax giveaway

January 6, 2000 — Democratic presidential candidate Bill Bradley laid out his plans for tax reform on Jan. 4, attacking corporate tax shelte

Excerpts from this story referencing "America":

"… he firm’s employees. Likewise, the Prudential Insurance Companies of America, Bradley’s eighth most-generous patron, got a $24 million tax break; …"