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A HUD auction is a form of foreclosure auction except the original lender was a federal agency instead of a private lender. The United States Department of Housing and Urban Development (HUD), is the insurer of loans made through a variety of government programs, particularly FHA loans .
The Office of Public and Indian Housing (PIH) is an agency of the U.S. Department of Housing and Urban Development.Its mission is to ensure safe, decent, and affordable housing, create opportunities for residents' self-sufficiency and economic independence, and assure the fiscal integrity of all program participants.
The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York governor Nelson A. Rockefeller. [3] The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative priorities for the ...
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www.hud.gov The United States secretary of housing and urban development (or HUD secretary ) is the head of the United States Department of Housing and Urban Development , a member of the president's Cabinet , and thirteenth in the presidential line of succession .
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