Government

In order to promote homeownership nationwide and strengthen HUD’s internal capacity, President Biden seeks $11.6 billion more for the Department than in 2022 for fiscal year 2023.

Fannie Mae recently executed two credit insurance risk transfer transactions on $50 billion of single-family loans in efforts to reduce taxpayer risk.

The PAVE Action Plan is aimed at advancing equity in the appraisal process and promoting generational wealth creation through homeownership.

Ten local governments and 13 state governments share in $3 billion to strengthen recovery efforts and improve inclusive resilience to future disasters and climate impacts.

With decades of shared experience in housing finance, policy, and financial services, Sam Valverde and Felecia Rotellini join Ginnie Mae as EVP and Senior Advisor & Chief of Staff to the President, respectively.

Sens. Cassidy and Gillibrand introduce the Flood Insurance Pricing Transparency Act that will require FEMA to publish the formulas used to calculate mitigation credits for policyholders under Risk Rating 2.0.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately‐owned housing starts in February hit 1,769,000, 6.8% above the revised January estimate of 1,657,000. ...

Joint actions were taken today by the OCC and FinCEN against USAA, citing violations of the Bank Secrecy Act and failure to establish an effective Anti Money Laundering program.

A special Executive Session of the Senate Banking Committee voted on advancing Sandra Thompson as Director of the FHFA, among other key nominations.

Targeting unfair discrimination in consumer finance, the CFPB vows to take action against financial institutions that engage in discriminatory conduct.