Tag Archives: HUD

Warren and Capuano are trying to prevent the delinquent mortgage loans from being acquired by investors who are quick to foreclose on them. The lawmakers would rather see the loans acquired by non-profits who would be more likely to engage in the loss mitigation process with borrowers and prevent foreclosure.

"This is an exciting time for all Americans who care about fair housing," Casro said. "Our nation has made significant strides in shaping a society that’s open to all."

In a recent audit of HUD's oversight of the Department's Home Equity Conversion Mortgage (HECM, or reverse mortgage) program, HUD's Office of the Inspector General (OIG) found that HUD's policies did not always ensure that borrowers complied with residency requirements, according to a release from the HUD OIG.

The Obama Administration's recent housing policies indicate that it is more serious about achieving equality in housing than any recent administration, and many of the key participants in the push for fair housing will be convening in Washington, D.C. next month to further discuss the issues.

The June data determined that new single-family home sales were at a seasonally adjusted annual rate of 481,000, 6.8 percent below the revised May rate of 517,000 and is 18.1 percent above the June 2014 estimate of 408,000.

In this exclusive interview with DS News, Director of the USC Bedrosian Center on Governance and former assistant HUD Secretary Raphael Bostic discusses HUD's new Affirmatively Furthering Fair Housing Rule and what it means for American communities.

The Fair Housing rule was intended to ensure that every person in America has the right to fair housing, regardless of their race, color, national origin, religion, sex, disability or familial status, HUD says. The final rule aims to provide all HUD program participants with clear guidelines and data they can use to achieve those goals.

During his first year as the nation's top housing official, Castro has made several policy changes with the intent of increasing opportunity for more Americans to obtain affordable, sustainable housing. Several of those changes are outlined in an announcement from HUD on Monday titled "Year of Progress: Delivering on the Promise of Opportunity."

HUD makes funding available each year to support organizations interested in the enforcement of fair housing laws and policies as well as educating the public, housing providers, and local governments about their rights and responsibilities under the Fair Housing Act.

HUD is authorized to guarantee loans made by private lenders to Native Americans, Indian housing authorities or tribally designated housing entities, and tribes under the provisions of Section 184 of the Housing and Community Development Act of 1992 and as amended by the Native American Housing Assistance and Self-Determination Act of 1996.