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.
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Senate Passes Measure to Expedite the Mortgage Process on Tribal Lands
The Tribal Trust Land Homeownership Act would create statutory timelines to process mortgages involving properties located on tribal trust land.
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 »HUD Pledges $15 Million to Assist the Elderly
New program will fund endeavors to make safety and functional home modification repairs and renovations to meet the needs of low-income elderly homeowners.
Read More »Senators Call for Review of Wells Fargo’s Refi Processes
Eleven Senators call upon HUD and CFPB after a report suggested that Black and Hispanic borrowers were less likely to be approved for refis.
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