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
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
My cousin in Maryland going thru same thing as Jack Thomas. Have loan Mod Agreement from Countywide dated April 2009, ...
Print Ads is the popular way to advertise among seniors in the business industry but today it seems like it ...
Pingback by The Creative Advocates - Just another WordPress weblog on 15 September 2008:
[...] months ago Steven Preston took over. A former investment banker at…Lehman Brothers. Anyone in Glenside knows the Merry [...]