Marcia L. Fudge took center stage before the House Financial Services Committee recently to highlight HUD’s work to boost the nation’s housing supply and expand access to affordable housing.
Read More »Senate Banking Committee Members Address Navy Federal Over Racial Lending Disparities
A group of 10 U.S. Senators have issued a letter to the heads of HUD and the CFPB calling for an examination of Navy Federal Credit Union’s practices after a report claimed the institution was more than twice as likely to deny loans for Black applicants as white applicants.
Read More »Ginnie Mae Planning New Reverse MBS
Due to continued liquidity constraints in the reverse mortgage space, Ginnie Mae has begun exploring a new securitization product that would accept HECM loans with balances above 98% of FHA’s Maximum Claim Amount.
Read More »FHFA: Appraisers Underutilizing Appraisal Time Adjustments
According to the Federal Housing Finance Agency, a new report revealed that appraisers underutilize time adjustments for local house price growth, but what does this mean for the industry?
Read More »HUD Announces $40M+ in Funding for Housing Counseling Agencies
The U.S. Department of Housing and Urban Development’s Office of Housing Counseling revealed that the millions in available grants will help expand housing counseling services and provide comprehensive financial literacy, homeownership, and affordable housing support to underserved communities.
Read More »Ginnie Mae’s MBS Portfolio Surpasses $2.5T
December’s new mortgage-backed securities issuance by Ginnie Mae will support the financing of nearly 95,000 households, including more than 47,000 for first-time homebuyers.
Read More »HUD’s Office of Inspector General Highlights Management Challenges
HUD’s Office of the Inspector General has issued its Fiscal Year 2024 priority open recommendations report outlining actions that the Department can take to address health and safety in HUD-assisted housing, managing fraud risk and improper payments, and IT and cybersecurity modernization.
Read More »HUD Reaches Agreement With Rental Provider Over Fair Housing Act Violations
In an agreement over non-discrimination in marketing and tenanting procedures, HUD renews its commitment to ensuring that all eligible applicants can participate in Department-funded housing programs.
Read More »HUD Focuses on Housing Safety at Recent Summit
U.S. Attorney Ryan K. Buchanan and HUD-OIG Inspector General Rae Oliver Davis recently collaborated on an event on eliminating environmental hazards and misconduct for tenants living in HUD-assisted housing.
Read More »The Week Ahead: Congress Examines Oversight of HUD and the FHA
An upcoming hearing conducted by the U.S. House Committee on Financial Services will take a look at the leadership of HUD and how the Department’s programs have benefited millions nationwide.
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