Links in “HUD”

HUD's proposed rule on adjustable rate mortgages would change the look-back period and require compliance with the disclosure and notification requirements in the mortgage servicing rule. [5/14]

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the April edition of the Obama Administration's Housing Scorecard. The Scorecard shows that the housing market is stabilizing, foreclosure completions are at their lowest, and new home sales have slowed. [5/12]

HUD alleged that Dubuque, Iowa's residency preference point system put African Americans at a disadvantage. Dubuque agrees to eliminate the preference system and submit any changes to its Housing Choice Voucher distribution program to HUD for review. [4/16]

HUD report on housing sales for February shows 3.3% drop from January and 1.1% drop from 2013. New housing supply of 5.2 months estimated. [3/26]

CFPB makes available open source code to allow lenders to integrate into their websites a tool that can help consumers find local HUD-approved housing counselors, a move that may help lenders comply with housing counseling requirements under Dodd-Frank while reducing the amount of paper given to mortgage applicants. [3/11]

Housing and Urban Development takes a proactive stance on the controversial disparate impact issue, but has determined that the equally controversial use of eminent domain by local governments must be decided by the courts. [2/21]

Two insurance industry groups are challenging HUD's rule adopted in February 2013 that formalized HUD's use of disparate impact liability under the FHA. The lawsuit submits that based on the FHA's plain language, the FHA only prohibits intentional discrimination. Plaintiffs in the Washington, D.C. federal district court have filed a motion for summary judgment. [2/6]

ABA letter to CFPB and HUD proposes solutions for problems financial institutions may have in producing the homeownership counseling disclosure for applications beginning Jan. 14, 2014. [12/27]

HUD goes final on Title I, Title II, Sections 184 and 184A products as they relate to definitions under qualified mortgages based on rate, ability to repay, etc. [12/11]

Program efforts of government in HAMP and Neighborhood Stabilization touted while mortgage servicers shown lacking with scores ranging from needing minor improvement to needing substantial improvement. [12/10]