New HUD Chief Takes On U.S. Mortgage Crisis
Sales of existing houses have skidded to a 10-year low, and families are still losing the homes they once owned.
In response, President Bush recently signed the multi-billion-dollar Housing and Economic Recovery Act.
Plus, the Department of Housing and Urban Development, or HUD, is working on specific programs as part of a bigger push to ease the housing crisis.
For more, Farai Chideya speaks with HUD Secretary Steve Preston.
Related NPR Stories: New Bill Signals Relief for Homeowners
Tags: housing market | hud | mortgage | mortgage crisis | steve preston | urban development | urban housing
3:19 PM ET | 08-18-2008 | permalink
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