Cuomo announces computer program to aid homeowners
By Margaret Chipowsky | November 15, 1999During a speech in the Rotunda Dome Room Friday, Andrew Cuomo, U.S. secretary of Housing and Urban Development, announced plans to implement a computer program designed to make it easier to buy a home. Cuomo said the new system will help make the process of procuring a mortgage less mysterious and more accessible to all Americans -- not just those who are already financially knowledgeable -- by using an electronic scorecard to evaluate what qualifications a borrower has for obtaining a mortgage. He said the initiative will "protect the integrity of the home-buying process." He added that he hopes the new initiative will not serve as an end to HUD's partnership with the private sector, but instead will be a "foundation for further dialogue." HUD should continue to play an important role in national politics, Cuomo said. He said sometimes HUD is neglected when the government is developing the budget, and serves as a "piggy bank" for other areas of the government. HUD has an obligation to find the "best ways to improve housing opportunities for all Americans," he added. The speech was co-sponsored by Mortgage Bankers Association of America and the University's Center for Governmental Studies. Larry J.


