The Nation - News from Sept. 6, 1989
- Share via
Officials at the Department of Housing and Urban Development have decided to revamp, rather than rescind, the troubled mortgage coinsurance program for multifamily housing that resulted in $700 million in defaulted mortgages and sparked a criminal investigation into one participant, the Washington Post reported. HUD Secretary Jack Kemp’s announcement, expected today, will follow a four-month review of the program. HUD will create a new Office of Coinsurance and set stricter eligibility requirements for lenders who want to do business with the government, sources said.
More From the Los Angeles Times
Podcasts
Taped Jan 8, 2026, a year after the Eaton Fire, this episode features Ondi Timoner. After losing her home, she began documenting the displacement and financial struggles of her neighbors, joining My Tribe Rise to help Altadena rebuild and recover.
Attorney Frank Carson defended the accused for decades. Framed for murder and later acquitted, a star witness admitted he lied. Stanislaus County paid $22.5M to settle his estate’s lawsuit.
Hear from the winner of the 1968 Caltech vs MIT electric car race. But it’s not all fresh air: smog devastates communities of color, and the Trump administration may pull the plug on California’s ability to clear its own air.
