March 10, 2017
- HSBC is no longer a leader in residential mortgage loans. The company partnered with the Securities and Exchange Commission (SEC) to ensure the their “U.S. consumer mortgage loans” were significantly reduced. Today, the company holds consumer mortgage loans equal to the amount owned in 2008.
- On March 8, 2017, Trump’s Department of Housing and Urban Development (H.U.D.) budget for the 2018 year leaked. The documents displayed a potential 6 billion dollar cut to the federal agency. Ben Carson, the new director of the agency, believes the agency fosters dependency and would like to see funds used elsewhere.
- Governor Cuomo announced an elaborate 1.5 billion dollar plan to revitalize Brooklyn, NY. Cuomo’s plan will focus on housing, urban development, health, and family. Furthermore, the New York governor wants to prioritize resiliency and affordable housing.