HUD to Award $79 Million in Grants to Reduce Foreclosures and Help Families

washingtonpost.com — U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced Thursday that $79 million in federal grants will be made available to reduce foreclosures and assist families looking for housing.

The money, a 36 percent increase over last year's amount, will be awarded to 550 HUD-approved agencies that provide counseling on foreclosure prevention, homeownership, reverse mortgages and mortgage scams.

Read Full Article »