Links in “HUD”
- HUD Seeks Comments Regarding AFFH Tool
HUDâs Affirmatively Furthering Fair Housing (AFFH) rule aims to assist and further fair housing, and has pledged to create three assessment tools for its program participants. HUD is now requesting comments on the proposed State and Insular Area Assessment Tool, and has posted sample maps and tables to facilitate public input. [3/11/16]
- HUD Proposes Revisions to Risk-Sharing Program
According to theSection 543(c) HFA Risk-Sharing program, HUD is entered into risk-sharing agreements with State and local housing agencies to provide more insurance and credit to multifamily loans. HUD's proposed changes would amend the regulation to better align with other HUD programs and conform to statutory amendments. [3/8/16]
- 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]
- Groups’ Fair Housing Complaints Lead to $2.8 Million Redlining Settlement
Two fair housing groups accused First Federal Bank of Kansas City of excluding minority neighborhoods from its lending service area. HUD check out their claims. The bank has agreed to a $2.8 million settlement. Check out HUD's take on it, too. [3/1/16]
- HUD: Zombie Killer?
About 37% of foreclosures nationwide are vacant and abandoned properties. When they stay vacant for an extended period of time, these "zombie" properties can wreak havoc in their neighborhoods. Some are looking to HUD to help address the problem. [2/18/16]
- DOJ, HUD, CFPB and 49 States Hit HSBC
Abuses in mortgage originations, servicing and foreclosure will cost HSBC $601 million. [2/8/16]
- HUD Considers New Rule for âOver Incomeâ Public Housing
HUD announced its consideration in implementing a new rule which would assess whether individuals and families residing in public housing still require housing assistance in cases where their incomes grow well beyond the levels required for their initial admission. Public comments regarding methods to address this new rule are invited via mail or electronic submission. [2/3/16]
- 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]
- HUD Comes Down on Foreclosure Rescue Companies for Scamming Hispanic Homeowners
HUD is charging three California-based home loan modification companies for violations of the Fair Housing Act, through targeting Hispanic homeowners for unfair loan audit and modification assistance. HUD alleges that the companies lured Hispanic homeowners into paying thousands of dollars for home loan audits which homeowners never received, as well as modification services with little to no value. Details of HUDâs charge are located here. [1/13/16]
- FHA Violations Couched as Protecting Children From Lead-Based Paint Hazards
HUD has settled with a Massachusetts real estate company for discriminating against families with children. Agents for the company discouraged families with children from applying by citing concerns that the units might contain lead-based paint. [12/22/15]
