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Items Tagged with 'HUD'

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Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance
July 24, 2014
"Cyprexx only learned about the allegations from the media and had to go to the NHFA’s website to obtain a copy of complaint," Cyprexx said in a statement. "One cannot help questioning whether this is a part of a publicity stunt rather than a good faith effort to determine if there is any basis for its charges."
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HUD audits BB&T over government-backed loans

Bank sets aside reserves of $53 million
July 22, 2014
BB&T is under the scrutiny of the U.S. Department of Housing and Urban Development while the housing authority looks into the bank's sales of government-backed loans.
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Monday Morning Cup of Coffee: Former CFPB head eyes White House?

The bubble’s last days; New HUD rule the “Common Core” of housing
July 20, 2014
Four housing charts to ruin your Monday (take the red pill), the housing recovery is coming to an end, and a little-known proposed HUD rule that could lead to the federalization of local housing and zoning decisions are all mixed into your spicy, bold morning brew.
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HUD Secretary Shaun Donovan confirmed as director of OMB

Clears way for Julián Castro as new head of HUD
July 10, 2014
"I am pleased that Republicans and Democrats in the Senate today confirmed Shaun Donovan as the next Director of the Office of Management and Budget," President Obama said. Now, Donovan's exit clears the way for San Antonio Mayor Julián Castro to lead HUD.
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Castro’s confirmation as HUD Secretary met with industry approval

President Obama, others praise San Antonio mayor
July 9, 2014
"I applaud the bipartisan majority of Senators who today confirmed Julián Castro as our next Secretary of Housing and Urban Development," President Obama said. "Julián is a proven leader, a champion for safe, affordable housing and strong, sustainable neighborhoods."
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Senate confirms Julián Castro as HUD Secretary

Senate votes 71-26 to approve Obama’s nominee
July 9, 2014
Of note in the “no” votes was Senator Mike Crapo, R-Idaho, who co-authored the Johnson-Crapo housing finance reform legislation with Senator Tim Johnson, D-S.D., that is currently under consideration on the Senate floor.
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U.S. penalizes lenders over maternity-related mortgage discrimination

July 6, 2014
Both HUD and the Department of Justice continue to crack down on a type of housing discrimination in lending that doesn’t usually make headlines: maternity-related discrimination.
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HUD fines Greenlight Financial Services over mortgage violations

Denies, delays mortgages to women on maternity leave
July 1, 2014
After denying or delaying mortgage loans to women because they were on maternity leave, Greenlight Financial Services will have to pay $48,000 to settle allegations that it violated the Fair Housing Act.
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HUD's Donovan gives 10 reasons to love (and laugh about) homeownership

Outgoing secretary goes all BuzzFeed and meme-licious
July 1, 2014
Shaun Donovan, the outgoing secretary of the Department of Housing & Urban Development, decided as he’s packing his boxes that it’s time to let his humor flag fly at BuzzFeed with a list of the top 10 reasons homeownership never goes out of style.
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US Bancorp pays $200M to resolve FHA mortgage-lending violations

Bank failed to ID problem loans certified for FHA insurance
June 30, 2014
U.S. Bancorp has agreed to pay the United States $200 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the Federal Housing Administration that did not meet applicable requirements, the Justice Department announced Monday.
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