HUD Secretary: Banks must ‘step up’ on foreclosure (AP)

From left, Housing and Urban Development Secretary Shaun Donovan, Treasury Secretary Timothy Geithner, and Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair talk prior to President Barack Obama delivering remarks about the home mortgage crisis, Wednesday, Feb. 18, 2009, at Dobson High School in Mesa, Ariz. (AP Photo/Gerald Herbert)AP – Housing Secretary Shaun Donovan said Thursday it’s critically important that banks and lending institutions “step up to the plate” to help make certain the Obama administration’s new home foreclosure initiative succeeds.


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