Tag: HUD
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CFPB, FHFA, & HUD Launch Joint Mortgage & Housing COVID-19 Assistance Website
The Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and the Department of Housing and Urban Development (HUD) have jointly launched a new mortgage and housing assistance website to help Americans impacted by the COVID-19 pandemic navigate through this time with the latest accurate housing assistance information. Homeowners and renters can access the…
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HUD Proposes Rule Affecting Housing Discrimination Lawsuits – Comments Due Oct. 18th
The Department of Housing and Urban Development (HUD) introduced a proposal that will affect the 2013 Disparate Impact rule, which created uniform standards for the application of disparate impact, referring to policy that has discriminatory effects despite the intention of the policymakers. In brief, the new rule will place the burden of proof onto the…
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DOL Announces $48.1 Million Grants for Homeless Veterans’ Workforce Reintegration
According to a recent HUD report, veterans comprise a little under nine percent of all homeless adults in the U.S., and 37,878 of veterans were experiencing homelessness on a single night in January 2018. Of these, 62 percent were staying in sheltered locations while 38 percent were staying in locations unsuitable for human habitation. To…
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HUD Sues Facebook for Violating Fair Housing Act
The Department of Housing and Urban Development (HUD) is suing Facebook for violating the Fair Housing Act by “encouraging, enabling and causing housing discrimination” when it allows companies to use their platform to shield who can see certain housing ads.
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HUD Releases National Housing Market Indicators for 3rd Quarter of 2018
The U.S. Department of Housing and Urban Development (HUD) recently released the National Housing Market Indicators (NHMI) for the third quarter of 2018. This quarterly publication gives a review of sales transactions through the third quarter and house price trends through November 2018. Read on for some of the key highlights of the report, including…
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Current Impact of the Government Shutdown: How Have You Been Affected?
Today marks the 17th day of the partial government shutdown that started on December 22nd, 2018, which is now the third longest government shutdown in U.S. history. Many, but not all, government agencies have been affected, causing federal employees to either be furloughed or to work without pay, national parks to close and affordable housing…
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HUD Announces Nearly $99 Million Awarded for Disabled Residents
On Tuesday, HUD issued a press release announcing its awarding of $98.5 million to 285 public housing authorities across the country. These housing vouchers are intended to provide permanent housing assistance to “non-elderly persons with disabilities” who are, according to HUD, either transitioning out of institutional or other separated settings, at serious risk of institutionalization…
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HUD Seeking Comments on Proposed Amendments to AFFH Rule
The U.S. Department of Housing and Urban Development (HUD) released a statement announcing that it intends to “streamline” the Affirmatively Furthering Fair Housing (AFFH) Rule by changing the regulatory requirements it believes are inhibiting states and local communities from increasing affordable housing. HUD is accepting public comments on its proposed amendments for the next two…
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Financial Services Committee Confirms Brian Montgomery as FHA Commissioner
Chairman Jeb Hensarling of the House Financial Services Committee released an official statement confirming the dual appointment of Brian Montgomery as the Federal Housing Administration (FHA) Commissioner and Assistant Secretary for Housing at the Department of Housing and Urban Development (HUD).
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The Gender Gap: Women as Mortgage Consumers
In the last 200 years, women’s voice and role in society has evolved quite substantially in the United States and around the world. The mortgage industry is no exception. As first-time homebuyers, women face patterns of discrimination. These discriminatory lending patterns, in violation of many regulations including those promulgated by the U.S. Department of Housing…