HUD Summer Tour 2007

These HUD guys are all over the place! The Houston Chronicle reports that HUD Assistant Housing Secretary Brian Montgomery was in Denver to promote FHA loans and (surprise, surprise) end predatory lending. Here’s the most interesting bit:

A Colorado foreclosure hot line set up in October 2006 has received more than 16,000 calls, said Zachary Urban, who administers the hot line and is director of housing counseling at Brothers Redevelopment Inc.

That certainly is a lot of foreclosures. More importantly, it shows that people are reaching out. Which is a good thing.

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