FHA default flood hits $100 million loans
James Coates reports that borrowers defaulted on more than $100 million in FHA Title I home improvement loans. GAO findings show lax collection, long delays, and incentives that encourage default, with Chicago and New York programs disorganized.
MENTIONED IN THIS ARTICLE
Washington
Charles Percy
R-Nl
Percy
Congressional General Accounting Office
GAQ
Chicago Tribune
Department of Housing and Urban Development
HUD
GAO
Chicago
New York City
Justice Department
New York
Jobless Aid Cut Hits Counseling and Offices
United Press International finds states cutting more than 19,000 workers who help the unemployed, with over 600 employment offices closed or moved, longer lines and reduced counseling as unemployment nears 9 percent nationwide. The action follows December budget lags, with calls for restoration as lawmakers weigh funding. Gerald McEntee warns millions may lose proper job counsel and support.
MENTIONED IN THIS ARTICLE
Washington
UPI
United Press International
Congress
Reagan
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James Coates
Igimme
Helene Curtis
Auampoo
Jcpenney Eee
Elyria
Lorain
Additiona
Midway Mall
Jcpenney
Labor Department
House
Jamie Whitten
D-Miss
Gerald McEntee
The
American Federation of State, County and Municipal Employees
Sears
Home Sale
Jcpenney Midway Mall
ICT
Ftal