Home / Tag Archives: HUD (page 30)

Tag Archives: HUD

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.

Read More »

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.

Read More »

Presidential Hopeful Ted Cruz Demands More Transparency from the Fed

Just a few days after proposing to eliminate several government agencies, including HUD, Texas Senator and Republican presidential hopeful Ted Cruz agreed to cosponsor the latest Federal Reserve Act of 2015 (S. 2232), commonly known as the “Audit the Fed” bill introduced by Sen. Rand Paul (R-Kentucky).

Read More »

HUD Extends Deadline for HECMs in Default

HUD has announced that it is extending the deadline for reverse mortgage lenders to submit payable requests for home equity conversion mortgages (HECMs) that defaulted on or after April 23, 2015, due to unpaid property charges.

Read More »