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National Mortgage Professional

Feb 01, 2005

President Clinton proposes $32.1 billion HUD budgetmortgagepress.comU.S. Department of Housing and Urban Development, HUD, 2001 budget President Clinton proposed increasing the Department of Housing and Urban Development's (HUD) budget by $6 billion in Fiscal Year 2001 to $32.1 billion, the strongest HUD budget in more than 20 years, with increases in every program area. "This budget shows that HUD is back in business, and has achieved a new level of public trust and confidence by proving it can create and run quality programs," said HUD Secretary Andrew Cuomo. "The budget will build on HUD's success and help unlock the door to prosperity for people and places left behind in these good economic times." Secretary Cuomo said the budget that President Clinton submitted to Congress provides HUD with the tools necessary to deliver on its core mission of promoting adequate and affordable housing, economic opportunity, and a suitable living environment free from discrimination.

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Feb 01, 2005

Regulation and Compliance

Fed OKs 10th Rate Hike In 12 Months

Boosts federal funds rate by another 25 basis points.

In its efforts to battle stubbornly high inflation while also balancing the needs of an unsteady banking industry, the Federal Reserve on Wednesday decided to boost its benchmark interest rate by another quarter point. The announcement came at the conclusion of the Federal ...

People On The Move

BSI Financial Hires Mr. Cooper's President, COO

Industry veteran Harold Lewis will hold the same titles at BSI.

BSI Financial Services, an Irving, Texas-based mortgage operating platform, said Wednesday it has named Harold Lewis as its president and chief operating officer. In the newly created position, Lewis will be responsible for scaling BSI Financial's platform and delivering va...