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Items Tagged with 'HUD'

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New HUD Secretary outlines his vision for last years of Obama Administration

Focus ranges from accountability and transparency to progressive projects
Trey Garrison
The new Housing And Urban Development Secretary sees HUD as a department of opportunity, not just a department of housing.
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Former HUD Secretary: Housing assistance programs in dire need of reform

Underfunded and unfocused programs are like a lottery
Trey Garrison
Former Housing and Urban Development Secretary Henry Cisneros says that the current affordable housing assistance programs are skewed in both scope and effect, shutting out three of four of those in need.
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Housing and mortgage financing are not ready for demographic shift

Aging boomers, more diverse millennials create unprecedented challenge
Trey Garrison
The housing industry and the mortgage finance industry are not ready for the great demographic shift that is coming as boomers age and a more ethnically diverse block of millennials and post-millennials come of age.
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HUD, U.S. Bank resolve lending discrimination allegations

Bank refused to refinance a property on a reservation
Brena Swanson
The U.S. Department of Housing and Urban Development reached an agreement with U.S. Bank National Association, resolving allegations that they refused to refinance the mortgage of an American Indian couple in Belcourt, North Dakota, because their property is located on a reservation.
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Bipartisan Policy Center Housing Summit in Washington starts today

Two-day event brings together leaders in housing and policy
Trey Garrison
On Monday morning, the Bipartisan Policy Center will kick off its 2014 Housing Summit in Washington, D.C. It's going to be one for the books.
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HUD fines FirstBank Mortgage Partners for maternity-related discrimination

Couple denied mortgage because of maternity leave
Ben Lane
According to the original complaint filed against FirstBank, a married couple alleged that FirstBank approved their mortgage application and scheduled its closing, but upon learning that the wife was on maternity leave, the lender reversed field and denied the mortgage loan. The couple was notified of the loan denial within 24 hours of the scheduled closing.
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Community groups demand halt to HUD distressed loan sales

Claim: Sales to often unnamed buyers benefits Wall Street, not Main Street
Trey Garrison
Community organizations and struggling homeowners in 10 cities are rallying at local offices of the U.S. Department of Housing and Urban Development to call for a halt to a controversial program that auctions off delinquent loans to investors until problems with the program are fixed.
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Newt Gingrich to keynote Bipartisan Policy Center’s Housing Summit

Former House Speaker will open second day of housing discussion
Trey Garrison
Former House Speaker Newt Gingrich will be keynoting the Bipartisan Policy Center’s 2014 Housing Summit, Housing America’s Future: New Directions for National Policy.
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HUD selling $2.3 billion non-performing loans

Sixth sale since September 2012
Ben Lane
According to DebtX, the loans will be sold in eight national pools, with the pools ranging in size from $94.5 million to $804.5 million.
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HUD’s Castro keynotes Bipartisan Policy Center housing summit

New secretary to bring focus on affordability, housing challenges
Trey Garrison
The new Housing & Urban Development secretary will be keynoting the Bipartisan Policy Center’s 2014 Housing Summit, Housing America’s Future: New Directions for National Policy.
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