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

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 "Fannie Mae":

"… lion in compensation to the top six executives of the financially troubled Fannie Mae and Freddie Mac mortgage giants while lacking basic protections to ensure …"

"… r confirmed by Senate last year to watch over federal housing programs. “Fannie Mae and Freddie Mac have received almost $154 billion in taxpayer funding to s …"

"… that guarantees payments on mortgage-backed securities.The current head of Fannie Mae, while still highly-paid by most Americans' standards, is earning signific …"

"… Mudd had as chief executive in 2006 during the peak of the housing market.Fannie Mae Chief Executive Michael J. Williams received a compensation package totali …"

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

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 "Fannie Mae":

"… rs for the poor to pay unrelated expenses and diverted $1.2 million from a Fannie Mae loan. Even though Chattanooga’s housing authority was on the troub …"

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 "Congress":

"… ecome significantly more expensive than expected. …"

"… en the two mortgage giants collapsed, forcing a costly government bailout. Congress created Fannie Mae during the Great Depression to buy mortgages and free u …"

"… enders could make more loans, especially to low- and middle-income buyers. Congress launched Freddie as a competitor in 1970. The Department of Housing and Ur …"

"… and soundness. Unlike bank regulators, OFHEO needed budget approval from a Congress — a Congress on which Freddie and Fannie lavished $170 million on lobbyi …"

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

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

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 "Congress":

"… ax Reform Act of 1986, called “transition rules” by members of Congress – the identities of the beneficiaries were kept secret. So were the …"

"… .6 billion in giveaways. Other recipients of tailor-made tax breaks from Congress included Chrysler Corp. ($78 million), Campbell Soup Co. ($12 million), Ae …"