Freddie Mac: Three Texas cities dominate housing recovery --

Compared with the rest of the nation, the Texas housing market is running strong since the financial crisis, and what it did get hit with, it recovered from quickly. And this report shows just that.

HUD Marks National Foster Care Month with New Report on Housing Challenges Faced by Youth Aging Out of Foster Care --

WASHINGTON – Each year, approximately 25,000 young people “age out” of the foster care system in the U.S., many of them facing significant risks of becoming homeless. The U.S. Department of Housing and Urban Development (HUD), in coordination with the U.S. Department of Health and Human Services (HHS), today marked National Foster Care Month by releasing a new report chronicling the housing needs of young people leaving foster care, and documenting the array of housing options available to this population.

LA sues JPMorgan for discriminatory lending --

The city of Los Angles is trying to recover damages due to discriminatory lending and filed a lawsuit against JPMorgan Chase for pushing minority borrowers into mortgages they could not afford.

HUD, New Jersey Announce Agreement to Expand Hurricane Sandy Recovery Programs --

WASHINGTON – The U.S. Department of Housing and Urban Development today announced a mutual agreement with the State of New Jersey to build upon affordable housing opportunities for lower income households whose homes were damaged or destroyed by Hurricane Sandy. The settlement agreement announced today will provide a combined $ 240 million in direct housing assistance to lower income households, reevaluate all denied applications under the State’s disaster housing program, and enhance the State’s outreach efforts for those with limited English proficiency.

Dallas homebuilders won’t build for less than $250,000 --

The once competitively priced Dallas market is now losing its appeal as builders cater to higher-priced homes, leaving average borrowers in the dust.

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