Like Mega million Lottery,there can be raffle foreclosure property.Example suppose the house value is 200K there should be 350K value tickets solds for one Dollor through out America and the lucky guy will get that home for one dollor and Bank will get 200k and Federal reserve should get 100K and 50k for using the lottery and administrative stuff.
Department of Housing and Urban Development
The process: The awarding governmental agency notifies the grantee in writing that the inactive funds will be recaptured. The grantee signs a closeout certificate and returns to the awarding agency signifying they agree. This process only takes about 2 to 3 weeks... more »
Federal Housing Administration of HUD issues debentures in lieu of cash payments for claims to the lender of the mortgage based the existing law. The interest rates can be as high as over 13%, a very high cost to the federal government.
The old law needs to be changed to save interest expense for the government.
The U.S. Department of Housing and Urban Development (HUD) today spends $130 Million annually to support client server desktop computing, and has opportunity to save $58 Million annually by virtualizing applications and desktops. The section below outlines operational cost saving and highlights Green IT, Compliance and Flexibility advantages of virtual computing environment. The Simplified Services... more »
HUD has some very gifted, highly qualified, highly productive individuals with many years of outside government experience but lack the inside connections to advance above GS-12 and GS-13. You should computerize employee resumes so you are able to identify these individuals and directly hire them to fill positions. Unless this agency stops the good ole boy and girl system of promoting the wrong people... more »
We at HUD are willing to support your call for doing more with less. I suggest we set the example with the President, Vice President and your fellow cabinet Secretaries by immediately reducing our workforce by 2000 employees or approximately 25%, by offering minimum buyouts of $25,000 to our entire HUD family to be off the rolls no later than 12/31/11. Those remaining employees will make you proud... more »
All three areas of the assessment criteria would be realized: 1) improving the output at lower cost; 2) simlifying process to reduce administratice burdens; and improving the speed of government operations... more »
At the end of most Fiscal Years, management finds itself with a surplus of training money. In order to justify receiving funding in the new Fiscal Year at the same or higher level, management feels that it must use all the funds at its disposal. The result is a flurry of training activity in the closing weeks of the Fiscal Year that is unwanted... more »
HUD/FHA often pays the lender for property preservation in excess of the appraised value and holding costs. Holding costs for HUD/FHA are... more »