Home / Tag Archives: HUD (page 50)

Tag Archives: HUD

DebtX and SEBA Announce Sale for $1.7B HUD Portfolio

On behalf of SEBA Professional Services, DebtX will sell a $1.7 billion portfolio of non-performing residential loans for HUD, DebtX announced Thursday. The portfolio, SFLS 2012-3, is made up of loans collateralized by homes across the country. It will be offered in standard national pools, as well as regional pools in support of HUD's Distressed Asset Stabilization Program (DASP).

Read More »

July Housing Starts Slip Led by Single-Family Fall

Despite continuing improvement in builder confidence, housing starts slipped in July to 746,000, with single-family starts accounting for decline, the Census Bureau and Department of Housing and Urban Development reported jointly Thursday. On the other hand, housing permits improved to 812,000, the highest level in almost four years. Economists surveyed by Bloomberg expected 750,000 starts and 766,000 permits in July.

Read More »

Judge Lifts Allied’s Injunction, Allows Lender to Pursue HUD Lawsuit

An injunction granted to Allied Home Mortgage that offered the mortgage lender relief from a suspension was recently dismissed. In November 2011, Allied was barred by HUD from originating and underwriting new FHA insured-mortgages. HUD accused Allied of violating HUD/FHA requirements and committing fraud. Allied countered with its own lawsuit and filed for declaratory and injunctive relief. A federal judge in Houston provided Allied with the preliminary injunction, which was recently lifted by U.S. District Judge Gray Miller.

Read More »

HUD, Treasury Host Event for Troubled Homeowners in Maryland

The Department of the Treasury and HUD announced Wednesday that they are hosting a free event for struggling homeowners in Maryland. The event will be the Obama administration's 75th occasion designed to bring together the nation's largest mortgage servicers, local HUD-approved housing counseling agencies, non-profits, and government partners to assist homeowners struggling to avoid foreclosure.

Read More »

HUD Investigates SunTrust FHA Origination Practices

SunTrust is under investigation by HUD regarding its FHA loan origination practices. HUD made its investigation known to the Atlanta-based bank April 25, and in a recent filing, the bank said, ""The Company is cooperating with the investigation."" According to the filing, HUD's investigation pertains ""generally to origination practices for FHA loans.""

Read More »

Housing Scorecard Examines Hobbled Recovery

HUD and Treasury Department released the latest scorecard Friday, providing a look at a market in recovery but threatened by an expected increase in foreclosure activity. According to the report, foreclosure starts and completions both declined in June, painting a picture of continued recovery. However, officials expect foreclosure activity to pick up in coming months as firms lift delays in foreclosure processing.

Read More »

NAREB Prepares to Launch Phase II of HAP

The National Association of Real Estate Brokers (NAREB) announced Wednesday that it is ready to launch the next phase of its foreclosure mitigation initiative, the Homeowner's Assurance Program (HAP).

Read More »

June New Home Sales Drop to Five-Month Low

New home sales fell to a five-month low, 350,000, in June, the Census Bureau and Department of Housing and Urban Development reported jointly Wednesday. Economists had expected sales to inch up slightly from the preliminary sales report in May. May sales were revised up to 382,000 from the originally reported 369,000.

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.