Vice President Joe Biden, HUD Secretary Julián Castro, and the Obama Administration say they are are committed to leveling the playing field for all Americans and increasing access to safe and affordable housing.
Read More »Administration Names HUD Senior Adviser as New Leader of FHA
Edward Golding, a senior adviser at the U.S. Department of Housing and Urban Development, has been named by the White House as new leader of the Federal Housing Administration, according to HUD. Sources at HUD told DS News on Thursday that Biniam Gebre will be stepping down from his role as acting commissioner of FHA and that Golding will be taking over the duties of that office. HUD confirmed that Golding's new title will be principal deputy assistant secretary and that he will assume that post on April 7.
Read More »Consumer Advocates Concerned Over Non-Borrowing Spouses Facing Foreclosure
A group of consumer advocates has expressed concern over non-borrowing spouses facing foreclosure and eviction following the death of a borrowing spouse, according to comments the group recently submitted totaling 65 pages to the U.S. Department of Housing and Urban Development (HUD).
Read More »HUD: Nearly Half of Loans in Distressed Asset Stabilization Program Have Been Resolved
Since HUD began SFLS in 2010, it has resolved 38,385 out of 79,029 non-performing loans through various means, a total of 49 percent. Out of those resolved loans, 16,706 of the borrowers (21 percent of the non-performing total and 43.5 percent of the resolved loans) avoided foreclosure through either paying the loans current, forbearance agreements, paying the loan in full, a short sale, a third-party sale, or a deed-in-lieu of foreclosure.
Read More »Castro: HUD Budget Increase Will Help More Americans Achieve Homeownership
The proposed budget would increase $4 billion from last year to a total of $49.3 billion. HUD’s budget proposes more than $21 billion for the Housing Choice Voucher Program, which Secretary Castro said would extend support to more than 2.4 million low-income families.
Read More »MetLife to Pay $123 Million to Resolve Claims of Lending Violations on Loans Backed by FHA, HUD
MetLife Home Loans, a mortgage finance company headquartered in Irving, Texas, has agreed to pay $123.5 million to settle claims of lending violations on government-backed mortgage loans committed by one of its subsidiaries under the False Claims Act, according to an announcement from the U.S. Department of Justice.
Read More »Castro Discusses FY 2016 HUD Budget Before House Committee On Appropriations
U.S. Department of Housing and Urban Development Secretary Julián Castro addressed the U.S. House Committee on Appropriations Wednesday on the Fiscal Year 2016 budget proposal for HUD, where he emphasized the commitment from the Obama administration to continue to provide affordable housing for families, seniors, disabled Americans and others in need of resources.
Read More »Castro Responds to Questions About Effects of Defaults
While most Republican lawmakers grilled HUD Secretary Julián Castro on the recent lowering of the FHA mortgage insurance premiums and FHA's MMI Fund Wednesday during his testimony to the House Financial Services Committee, Representative Mia Love (R-Utah) opted to cover a different subject: defaults and their potentially negative effect on their respective neighborhoods.
Read More »Castro Optimistic About Future MMI Fund Growth, Defends Lowering of Premiums
In his first time to testify before Congress since being named HUD Secretary last July, Julián Castro on Wednesday defended the decision to lower FHA mortgage insurance premiums and predicted that the agency's Mutual Mortgage Insurance Fund would exceed the required 2 percent ratio within two years.
Read More »HUD Secretary Castro to Testify Before House Financial Services Committee on February 11
U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro is scheduled to testify before the House Financial Services Committee on Wednesday, February 11, starting at 10 a.m. Eastern time.
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