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Tag Archives: Affordable housing

Senators Angry About Freddie Mac Betting Against Homeowners

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by Jesse Eisinger ProPublica Sen. Robert Menendez, D-N.J., had sharp words for Freddie Mac’s investment practices and conflicts of interest at a Senate Banking Committee hearing Thursday. The senator’s concerns came in the wake of a ProPublica and NPR report that Freddie, the giant taxpayer-owned mortgage company, had made concentrated investments in complex mortgage securities that benefited from the inability ... Read More »

Kentucky’s Shiloh Baptist Community Get More Bad Press

Former grant administrator, Yvette Crayton Goodwin, of Shiloh Baptist Community Renewal Center (SBCRS) has been sentenced to a year and one day in prison and ordered to pay $831,742.56 in restitution after being part of a conspiracy to defraud the U.S. Housing and Urban Development (HUD) Department. Goodwin pleaded guilty in September of 2009 to charges of a conspiracy to ... Read More »

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