WASHINGTON - U.S. Department of Housing and Urban Development Secretary Steve Preston today announced that he is approving a $10 million loan guarantee to the City of Charlotteto purchase 70 acres in the Double Oaks neighborhood. This purchase will complete the site assembly of 98 acres in preparation for the eventual development of 108,000 square feet of retail space and 940 new apartments, condominiums and single-family homes.

One spread that I pay attention to is the spread between the 30-year fixed and the 10-year Treasury. That spread has widened considerably.

Now that the FDIC controls IndyMac, an institution that used to be one of the country's biggest mortgage lenders, she has her chance to show other mortgage servicers how it's done.

WASHINGTON - They are extremely low-income, living with HIV/AIDS and at high risk of homelessness. Today, more than 1,100 persons and their families will find a stable home, and receive the services they need to manage their illnesses, because of $19.3 million in grants awarded by Housing and Urban Development Secretary Steve Preston.