Recovery Act Investment of Over $35 Million in Cuyahoga County’s Housing Authority

American Recovery and Reinvestment Act and HUD’s Public Housing Capital Fund Program has recently made a $35,068,004 investment in the Cuyahoga Metropolitan Housing Authority (CMHA). This funding doubles the Department’s annual support of the local housing authority.   Allocated through an established formula, this funding will allow local housing agencies to address the long-standing need […]

The Mortgage Reform and Anti-Predatory Lending Act

In her ongoing fight to combat the record number of foreclosures in our country, Representative Marcia L. Fudge voted for the Mortgage Reform and Anti-Predatory Lending Act.  Reckless lending practices are a leading cause of the mortgage crisis putting millions of middle-class homeowners at risk of losing their homes. The Act, which protects mortgage borrowers […]

Predatory Mortgage Lending Practices Reduction Act

In response to the predatory practices of some mortgage brokers and agents, Representative Marcia L. Fudge  introduced H.R. 2108, the Predatory Mortgage Lending Practices Reduction Act of 2009. The Act is designed to assure consumers that mortgage brokers or agents are thoroughly trained and accountable for predatory practices.  It does this by altering the law […]