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Items Tagged with 'Department of Housing and Urban Development'


HUD proposes new rules for FHA loans

Restores stipulation that lenders must certify they weren’t disciplined by government
Answering questions raised by, amongst others, leading Democrats in the House and Senate, Department of Housing and Urban Development released a revision to its previously announced changes to the rules for lenders that remit loans to the Federal Housing Administration. Click here to read about how the FHA's rules are about to change.
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FHA continues push for expanded credit access

Supplemental Performance Metric will give insight about lenders
Furthering a program that was initially announced in May of last year, the Federal Housing Administration announced the implementation of one of the key facets of its “Blueprint for Access,” which is designed to expand credit access to underserved borrowers. Click through for all the details.
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HUD officially appoints Richard Green as senior advisor for housing finance

Leaves USC Lusk Center for Real Estate to replace Edward Golding
The U.S. Department of Housing and Urban Development officially named its replacement for former HUD Senior Advisor Edward Golding, who recently took over as head of the Federal Housing Administration. Richard Green, who currently serves as the director of the University of Southern California Lusk Center for Real Estate, will take over for Golding.
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FHA proposes insurance claim deadline

FHA states lender filing delays cause strain on department’s resources
Attention lenders and servicers. There may soon be a deadline to file insurance claims with the Federal Housing Administration, after the FHA issued a proposal establishing a “clear timetable” for claim payments. Click through to learn more.
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U.S. Conference of Mayors: Don’t sell non-performing loans to Wall Street

Mayors tell HUD, Fannie and Freddie to sell to non-profits instead
The U.S. Conference of Mayors is joining a growing chorus calling on the U.S. Department of Housing and Urban Development, Fannie Mae and Freddie Mac to stop selling pools of non-performing loans to “Wall Street speculators,” and requesting that the pools be sold instead to non-profits interested in keeping homeowners in their homes.
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HUD senior official leaving to join Hillary Clinton campaign?

Betsaida Alcantara to serve as Clinton’s director of media planning
HUD Secretary Julián Castro said Monday that Betsaida Alcantara, HUD’s assistant secretary for public affairs and one of Castro’s senior advisors, is set to leave her position at the end of July. Castro did not disclose Alcantara’s next move, but a Buzzfeed report said that Alcantara is leaving HUD to serve as the director of media planning for Clinton’s campaign.
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FHA issues new reverse mortgage rules to protect spouses

Designed to allow non-borrowing partners to remain in home
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses in their homes after the last surviving borrower dies.
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Quicken Loans CEO: The FHA has been hijacked by the Department of Justice

Bill Emerson tells HousingWire why Quicken is fighting back
Much of the industry scuttlebutt of late has been focused on Quicken Loans with its decision to sue the Department of Justice and the Department of Housing and Urban Development. In an exclusive interview with HousingWire, Quicken Loans’ CEO Bill Emerson said that the lender is not going to give in to the government’s pressure and tells us what's really going on.
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