Government

Following recent confirmation by the U.S. Senate, HUD Deputy Secretary Adrianne Todman has issued the oath of office to Vinay Singh, HUD’s newest administrator of instituting financial integrity, fiscal responsibility, and accountability.

The Bureau clarified that states have the flexibility to preserve fair and competitive credit-reporting markets by enacting state-level laws stricter than the Fair Credit Reporting Act, which does not stop states from enacting laws tackling problems related to medical debt, tenant screening, and other consumer risks.

In two separate cases, HUD has reached agreements in Massachusetts and California with several parties in settling housing discrimination claims.

The Federal Reserve estimates that home equity reached a record $27.8 trillion by early 2022, however many Americans were denied this opportunity. A recent House Committee examined why these trends threaten to further increase racial wealth and homeownership gaps.

With the Mortgage Partnership Finance Program having surpassed $3 billion in mortgage-backed securities issuance, Ginnie Mae President Alanna McCargo noted that "the milestone demonstrates [the program’s] value in the marketplace.

Chairwoman of the House Financial Services Committee reaches out to PAVE Co-Chairs seeking action plan and timeline implementation of each action.

In a new interview, Julia Gordon, the FHA’s newest commissioner, discusses the task of getting people into affordable housing and keeping them there, suggesting changes to FHA-backed auction sales and asking lenders for help to avoid foreclosure in times of trouble.

In a move to promote equitable housing for all, the GSE will begin to factor on-time rent payments into underwriting decisions as of July 10.

A brand-new scorecard, researched and released by Ceres, shows that federal financial regulators are taking numerous and broad steps to tackle the financial risks of climate change, as outlined by the Biden Administration, in a “clear sign” of regulatory process ...

The recent Legal League 100 Servicer Summit in Dallas brought together the nation’s top financial services law firms under the same roof as leading mortgage servicing executives to discuss default policies, procedures, and issues with leading mortgage servicing executives.