Links in “HUD”
- U.S. Case Alleging Reckless Lending Takes a Hit
Judge dismisses some claims in lawsuit against Wells Fargo because they were filed too late or because HUD was aware of misconduct at the time. [9/25]
- HUD: What’s in a Name?
HUD looks to upgrade its Housing Counseling Program that includes this current round of proposals to organize the nomenclature of the program and related elements. Outlines the future of HC and a more robust approach required by Dodd-Frank. [9/17]
- HUD’s Streamlined Reporting for FHA Lenders Goes Final
New rule aligns with other regulatory requirements for small lenders/mortgagees (under $500 million) that allows for Call Report type information to be submitted to HUD for FHA lenders. [9/17]
- Man’s Best Friend Gets HUD Backing
Fair Housing Act's prohibition against discrimination regarding disabilities is used by HUD to protect homeowner denied benefit of his "emotional support dog" (Man's Best Friend) in housing. [9/16]
- Searching for CRA Opportunities through FHIP
Partnering with HUD's Fair Housing Initiatives Program (FHIP) recipients in your assessment area could yield meaningful CRA kudos. [9/9]
- HUD Reverses on Reverse Mortgages
New guidelines follow Reverse Mortgage Stabilization Act of 2013's call for program enhancement, including Draw Limitations and Ability to Repay Analysis. [9/4]
- Fifth Third’s HUD Problem
More on the charge against the Cinncinnati's-based lender. Couple claims they were required to provide a physician's statement for proof of disability, but federal law bars lenders from inquiring about the nature or severity of a disability. [8/26]
- HUD Pursues Discrimination Charges Against Fifth 3rd Bank
HUD charges Fifth 3rd with discrimination on basis of disability for requiring unnecessary medical documentation from elderly couple in order to qualify the couple for a Federal Housing Administration (FHA) loan. Significantly larger fair lending impact on underwriting process likely to emerge. [8/23]
- July Housing Scorecard Released
HUD and Dept of Treasury release July report noting recovery and value of HAMP. [8/12]
- HUD’s New Playbook for Fair Housing
Proposed new rule will offer powerful tools for fair housing/fair lending analysis including a new Geospatial tool. Proposal gives boost to Fair Housing Act. [7/22]
