Federal Housing Administration (FHA) Commissioner Julia Gordon and David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), described a need... Read more »
Republican members of the U.S. Senate have introduced new legislation designed to expand the oversight of federal housing programs, make changes to loan officer compensation for the origination of small-dollar mortgages, and... Read more »
NAR Chief Economist Lawrence Yun issued the following statement on today’s announcement from the Federal Reserve: “The Fed’s half-point rate cut decision is the beginning of six to eight rounds of further... Read more »
Federal Reserve vice chair for supervision Michael Barr said that the CRA rules were put in place in 1977 as part of a series of laws written in a way that permits... Read more »
The federal government quietly announced it would begin giving loans for conversions of vacant commercial space near public transit into housing last October, but developers who have applied have yet to receive... Read more »
Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). The Anaheim, California-based originator’s application was approved on Wednesday after it fulfilled all... Read more »
The U.S. Department of Housing and Urban Development (HUD) on Monday announced new agreements between HUD, the Environmental Protection Agency (EPA), the U.S. Department of Health and Human Services (HHS) and the... Read more »
A lawsuit against the “All-In” initiative at United Wholesale Mortgage (UWM) should be dismissed, a federal judge said, citing inadequate evidence to prove accusations against the lender. Florida-based Okavage Group sued UWM... Read more »
The Administration for Community Living (ACL), a division of the U.S. Department of Health and Human Services (HHS), announced this week the publication of a final rule that will update regulations for... Read more »
The Federal Reserve’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its first meeting of the year on Wednesday. The... Read more »