Tag Archives: FHA

Municipalities may be experiencing whiplash from a recent U.S. Supreme Court ruling which both permits and prevents certain suits based on the Federal Housing Act. In Bank of America Corp., et. al. v. City of Miami, the City of Miami argued that two banks, Bank of America and Wells Fargo, violated the Federal Housing Act by intentionally issuing riskier mortgages on less favorable terms to African Americans and Latino customers than they issued to similarly situated white, non-Latino customers.

Volume of government-backed purchase loans rose by 10 percent in January, despite an uptick in mortgage rates. RHS loans far outpaced other categories, with FHA comprising the smallest segment. The number of first-time buyers also rose, increasing 11 percent over the year.

The same day a new administration moved into the White House, a planned cut to mortgage insurance rates was indefinitely shelved.

Urban Institute’s Laurie Goodman discusses how investors of severely delinquent mortgages can help decrease the foreclosure rate.

Property Assessed Clean Energy (PACE) programs debate is heating up with the FHA announcement permitting FHA-insured mortgages on some PACE-assessed properties.

FHA makes their process more efficient to help delinquent homeowners avoid foreclosure.

Emery Celli Brinckerhoff & Abady (ECBA) and MFY Legal Services recently filed a federal class action challenging the legality of a Department of Housing and Urban Development (HUD) program that sells government-insured FHA home mortgages to private equity funds, leaving these borrowers without insurance-program benefits they are entitled to and putting them at heightened risk of foreclosure

HUD recently published a housing scorecard reviewing the monthly analysis of the housing market and the government programs implemented for the mortgage industry.

HUD’s latest housing scorecard, which examines housing recovery data, HUD’s programs performance, and areas for improvement, showed continued progress in the nation’s housing recovery for June

HUD's Distressed Asset Stabilization Program has been heavily criticized by housing advocacy groups and activists. What changes did the Department make to the program with the goal of achieving the best outcomes for borrowers?