Treasury's Allison Interview About HUD Loans

Aug. 11 (Bloomberg) -- Herbert M. Allison Jr., the U.S. Treasury Department's assistant secretary for financial stability, talks about the Department of Housing and Urban Development's interest-free loans to reduce foreclosures. The Obama administration will offer $1 billion in loans to help homeowners who’ve lost income avoid foreclosure as part of $3 billion in additional aid targeting economically distressed areas. Allison talks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg)