Steven Preston Confirmed as New HUD Secretary
Steven Preston, a former executive with Service Master, was confirmed as head of the Housing and Urban Development Department. The role will be fairly significant as a 300 billion dollar legislation is going through the Congress presently that will address the present problems with the mortgage industry.
Preston is likely to be lead negotiator as Congress and the White House work on legislation to allow the Federal Housing Administration to insure up to $300 billion in refinanced mortgages, including many in which the mortgages exceed the value of their homes.
In a statement Thursday, President Bush said Preston’s understanding of financial markets and his management skills qualifies him to assume the post. “He will aggressively work to ensure that the department remains focused on its mission of making housing more affordable and helping Americans keep their homes,” Bush said.
The confirmation of Preston to head the Housing and Urban Development Department, by unanimous voice vote, came as the Senate approved a host of other nominations. An unrelated spat between Senate Democrats and Republicans had scuttled efforts to approve Preston before the Senate’s Memorial Day break. via The Associated Press
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
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I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
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[...] months ago Steven Preston took over. A former investment banker at…Lehman Brothers. Anyone in Glenside knows the Merry [...]