A group of 10 U.S. Senators have issued a letter to the heads of HUD and the CFPB calling for an examination of Navy Federal Credit Union’s practices after a report claimed the institution was more than twice as likely to deny loans for Black applicants as white applicants.
Read More »VA Issues Measure to Protect Vets From Foreclosure
A six-month pause in foreclosures will extend protections to at-risk veterans until its VA Servicing Purchase program is effective and available to provide assistance to VA borrowers in financial distress.
Read More »Legislation Introduced to Curb Predatory Practices in the SFR Marketplace
A new bill seeks to protect single-family affordable housing stock, while cracking down on large corporate investors by restricting tax breaks.
Read More »Senate Committee Pushes for Renewal of National Flood Insurance Program
A recent Senate Banking Committee hearing featured a number of witnesses testifying on behalf of the reauthorization of the NFIP, which is set to expire September 30, 2023.
Read More »HUD Addresses Housing Goals in President’s 2024 Budget
With approximately $73.3 billion earmarked for HUD in 2024, the Department would make an investment in building affordable housing, expand access to homeownership, and address housing discrimination.
Read More »Sen. Brown Seeks FTC Review of Rental Pricing Algorithms
In a letter to FTC Chair Lina Khan, Sen. Sherrod Brown urges the Commission to examine whether proprietary rental pricing algorithms may be hurting competition, in violation of antitrust laws.
Read More »Senate Committee Examines the National Flood Insurance Program
A recent Senate Banking Committee hearing discussed the impending expiration of the NFIP, a measure that provides $1.3+ trillion in coverage to nearly five million homes and businesses. What can be done to enhance the Program and ensure it continues to meet homeowners’ needs?
Read More »Fed Chair Powell Confirmed by Senate for Second Term
By an 80-19 vote, Jerome Powell has been confirmed as Chairman of the Federal Reserve Board by the U.S. Senate.
Read More »Industry Reaction: Senate Confirms Julia Gordon as FHA Commissioner
After a re-nomination by President Biden, Julia Gordon has been confirmed by the Senate to serve as Commissioner of the FHA/Assistant Secretary of HUD.
Read More »FHFA Announces Mandatory Use of the Supplemental Consumer Information Form
In a move to increase equitable housing for all qualified borrowers, lenders will be able to better assist and counsel their clients during the homebuying process.
Read More »