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The Real Estate Adviser |
December 22, 2005
In the past decade, the Department of Housing and Urban Development has been the subject of intense scrutiny... and the jokes that accompany that focus. In fact, some members of Congress would like to see the Federal Housing Administration agency taken out of the Department of Housing and Urban Development and put into the private sector.
For years, "government housing" options specifically FHA loans were perceived as being heavily wrapped in red tape. Gordon Schlicke, who retired in 1998 as vice president of training and development for Mellon Bancorp after serving in a variety of Puget Sound banking positions, often targets HUD:
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