Marcia Fudge appeared Thursday before the Senate Committee on Banking, Housing, and Urban Affairs as a Biden-Harris administration nominee to serve as Secretary of Housing and Urban Development (HUD). The 68-year-old faced a few challenging questions from Republicans, but ultimately ...
Read More »Housing Professionals Voice Support for Yellen’s Confirmation
Secretary Yellen is "a strong, crisis-tested leader prepared to address the urgent economic and financial policy decisions facing the nation," according to The U.S. Department of the Treasury. Here is how the industry is reacting.
Read More »Executive Order Instructs HUD to Examine Disparate Impact Rule
Acting HUD Secretary Matthew E. Ammon calls Biden’s order an important step toward "redressing the federal government’s legacy of housing discrimination and securing equal access to housing opportunity for all."
Read More »FHA Announces New Deadline to Request Mortgage Forbearance
Officials say the extension provides "more time for homeowners to seek mortgage payment relief."
Read More »Montgomery: Outgoing Cabinet Members, Political Appointees Deserve ‘Gratitude’
"Examples of their professionalism and hard work abound and resist any partisan label," noted the former HUD Deputy Secretary in an op-ed he penned before leaving his post.
Read More »Fannie, Freddie’s Conservatorship Fate Left to Biden Administration
A researcher examines the Trump administration’s final steps to reform the GSEs and finds modest momentum for the enterprises' release from conservatorship.
Read More »FHFA, Treasury Announce Changes to GSE Regulations
Amendments allow GSEs Fannie Mae and Freddie Mac to continue to retain earnings until they satisfy the requirements of the 2020 enterprise capital rule. Click through to learn why some experts voiced both appreciation and concern.
Read More »FHFA Extends COVID-19-Related Loan Flexibilities
The changes aim to "ensure continued support for borrowers during the COVID-19 national emergency," according to agency representatives.
Read More »Brooks Resigns, Paulson to Become Acting Comptroller of the Currency
Brian P. Brooks has announced he will step down on January 14, 2021.
Read More »Fannie Mae Update: Mortgage Servicer Sentiment Amid Pandemic Challenges
This year's health and economic crises have challenged the industry, but how did servicers respond when asked how COVID's difficulties compare to those faced by the market during the 2008 financial crisis?
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