Geithner, Donovan Announce MHA Lender/servicer Incentives

Mortgage Banking, July 2009 | Go to article overview

Geithner, Donovan Announce MHA Lender/servicer Incentives


In a May 14 press conference, Treasury Secretary Timothy Geithner and HUD Secretary Shaun Donovan announced new options for homeowners facing foreclosure, through the administration's Making Home Affordable (MHA) program.

"In just over two months, the Making Home Affordable program is up and running, helping our economy recover and making a difference in the lives and livelihoods of thousands of American homeowners," said Geithner. "Historically low interest rates are allowing Americans to refinance and save money, and modifications are helping homeowners avoid foreclosure."

A new component of the MHA program announced at the press conference offers incentives to lenders who allow homes to be disposed of through short sales or voluntary property transfers when a modification is not possible. And home-price-decline protection incentives will provide lenders additional encouragement for modifications in areas where home-price declines have been most severe and it is feared the declines may persist. "These are critical steps in stemming the foreclosure crisis and stabilizing the housing market--both of which are critical to our economic recovery," Geithner said.

"I can't stress enough how important our HUD-approved counseling agencies are to the success of the Making Home Affordable program and, ultimately, to helping to keep American families in their homes," Donovan added. "That's why HUD has requested a $100 million investment in our Housing Counseling Assistance Program for fiscal year 2010--a $35 million increase from our 2009 budget. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Geithner, Donovan Announce MHA Lender/servicer Incentives
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.