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Tag Archives: HUD

The Rise of Julián Castro: The HUD Secretary in His Own Words

The meteoric rise of the sitting HUD Secretary has many speculating about his future. In this exclusive interview with DS News Assistant Editor Brian Honea, the man many are calling the “VP in waiting” discusses politics, the future of housing, and new opportunities that await him.

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Score One Victory for U.S. Bank

Banks and other financial institutions have agreed to many multimillion and even multibillion dollar settlements following the financial crisis for their mortgage practices. This week, however, HUD ruled in favor of U.S. Bank in a complaint that alleged racial discrimination in REO property maintenance.

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Will the FHA MMI Fund’s Sudden Spike be Enough to Silence Critics?

When FHA announced it was lowering its mortgage insurance premiums in January by 50 basis points down to 0.85 percent, the move drew intense criticism from Republican lawmakers who accused the agency of cutting off a revenue stream while the Mutual Mortgage Insurance Fund capital ratio sat at 0.41 percent, less than one-quarter of the 2 percent threshold required by Congress.

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