The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced it has allocated $30.1 million in noncompetitive funding for HUD’s state and local fair housing enforcement agencies across the country under its Fair Housing Assistance Program (FHAP). The FHAP ...
Read More »Fannie Mae Executes CIRT Transaction on $19B of Single-Family Loans
Fannie Mae announced that it has executed its sixth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT ...
Read More »Wendell Chambliss Named Freddie Mac SVP, Chief Diversity Officer
Freddie Mac announced that Wendell Chambliss, a 20-year veteran of the company, has been appointed Senior VP and Chief Diversity and Inclusion Officer (CDIO). In this newly created role, Chambliss will be responsible for programs and initiatives to bring greater ...
Read More »The Election and Housing: What You Need to Know
There is no denying that 2020 has been an eventful year, with a pandemic, protests, natural disasters, and, of course, a historic presidential election. Now, the country holds its breath for one more day as the election comes to a ...
Read More »Federal Financial Agencies Announce Flexibility in Mortgage Servicing Rules
Here are the key takeaways regarding the enforcement of certain mortgage servicing rules governing borrower communications in response to the COVID-19 emergency.
Read More »Redlining Results in 52% Less Home Value for Homeowners
The analysis continued by saying African-American are five times more likely to own a home in redlined areas.
Read More »Comptroller Joseph Otting to Step Down
One of Otting's final moves as Comptroller was to release a final rule under the Community Reinvestment Act.
Read More »Don Layton on Pandemic Challenges to Mortgage Servicing
In an editorial, the former CEO of Freddie Mac examines the strain the pandemic is putting on the mortgage industry, and what may need to change to ensure sustainability going forward.
Read More »Vote on COVID-19 Support Bill Delayed
The multi-billion dollar proposal comes hours after the President announced a 30-day travel ban on several European countries.
Read More »The Impact of Renters on the Presidential Election
A new study reveals how renters may influence the outcome of the 2020 election, and what policies renters support compared to homeowners.
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