Links in “Fair Housing Act”
- Former FHA/HUD Official’s Relationship with Agency Too Cozy?
He's now president and CEO of Mortgage Bankers Association, but he was the former FHA commissioner and assistant HUD secretary. A group is calling for an investigation into David H. Stevens contacts with his former agency. [3/1/16]
- New York Going Undercover to Root Out Discrimination
New York's "Fair Housing Enforcement Program" will use undercover "testers" posing as prospective homebuyers to root out housing discrimination. [2/16/16]
- FHA: Mission Creep or Just Doing its Job?
The Federal Housing Administration's representative points to growth in its capital ratio from 0.41% in 2014 to 2.07% in 2015, above the 2% minimum required by Congress. But one lawmaker criticized the agency for mission creep, from becoming the mortgage insurer of last resort to a dominant component of our mortgage finance system. [2/12/16]
- The FHA has Published a New Handbook for Underwriting Multifamily Housing
FHA hopes the consolidated handbook will improve consistency in the application of program requirements and reduce the time necessary to process loan applications. Â [1/2/16]
- Tennessee Bank Hit for Fair Housing Issues
HUD hits First Tennessee Bank for $1.9 million to resolve allegations that it discriminated against African-American and Hispanic applicants and that it failed to place branches in minority areas. [2/1/16]
- You Have Kids? We Have Restrictions.
An apartment complex in Texas is being charged with violating the Fair Housing Act, after it was determined that the landlord was imposing âoverly restrictiveâ rules on families with children. Some of which included not allowing children under the age of 16 to use the laundry facility or play in the parking lot without an adult present. [10/26/15]
- Partial Victory for CUs That Make FHA Loans
The FHA has announced a partial withdrawal of its proposal to establish a maximum timeline to file an FHA insurance claim, which could have placed significant burdens on credit unions with foreclosed properties. The FHA still plans to move forward with provisions that curtail interest and disallow certain expenses incurred by lenders that fail to initiate foreclosure actions in a timely manner. [10/21/15]
- HUD Proposes New Rule for Fair Housing Act Investigations
The Housing and Urban Development Department (HUD) has proposed a new rule for use in investigations involving alleged harassment related to the Fair Housing Act, specifying how HUD would evaluate and handle complaints of quid pro quo and hostile environment harassment. [10/21/2015]
- FHA Extends TRID Grace Period
FHA tells lenders it will not be conducting routine quality control reviews for technical compliance with TILA-RESPA Integrated Disclosure rules until April 16, 2016. [10/20/15]
- Chasing Chase Out of FHA
Following the harsh penalties at the hand of the Justice Department for making shoddy FHA loans, many mortgage lenders are abandoning FHA loans, such as JP Morgan Chase, which had 12.2% of the market share two years ago, but only 0.2% at the end of last quarter. [9/29/15]
