EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

Mark Wittstadt: Butler & Hosch sale, Dustin Johnson lawsuit severely impacted firm

What to expect when you’re expecting a CFPB administrative action

A deeper look at PHH ruling reveals how the bureau views enforcement

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more
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Items Tagged with 'HUD'

ARTICLES

Dispelling the myth of the affordable housing bogeyman

Those in housing programs aren’t who you think
Elayne Weiss
The scariest thing you’ll see this summer is not a genetically modified dinosaur noshing on nameless tourists in whatever iteration of Jurassic Park we’re up to, but rather the Obama administration’s forthcoming final rule to affirmatively further fair housing. Well, that’s what the rule’s opponents would like you to believe.
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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
Ben Lane
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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May new home sales gain 2.2% from April

Average sale prices jump dramatically
Trey Garrison
Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April, but the big news is in price gains. Read on, reader.
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HUD senior official leaving to join Hillary Clinton campaign?

Betsaida Alcantara to serve as Clinton’s director of media planning
Ben Lane
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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HUD wants to push urban dysfunction into the suburbs

Housing policy should reward homeowners, not punish them
Trey Garrison
At the heart of the Texas lawsuit is something more sinister – it’s the concept and the demand that public housing be located in successful suburbs, rather than in lower-income neighborhoods closer to public transportation and affordable amenities.
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Housing advocates: FHFA won’t reduce principal, offers discounted NPLs

Auctions benefit Wall Street and hurt low-income communities
Trey Garrison
Two liberal advocacy groups have published a provocative study accusing the Department of Housing & Urban Development and the Federal Housing Finance Agency of helping Wall Street at the expense of low-income communities by selling non-performing loans to investors. Are they right?
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Housing advocates join industry applauding reverse mortgage change

Clarification benefits all involved
Trey Garrison
In rare moment of congruence, affordable housing advocates and housing industry players are applauding the recent decision by the U.S. Department of Housing and Urban Development and the Federal Housing Administration to changes its reverse mortgage program. Here’s why.
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FHA issues new reverse mortgage rules to protect spouses

Designed to allow non-borrowing partners to remain in home
Ben Lane
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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HFSC hearing questions HUD’s Castro on everything

Conversation gets pretty heated at times
Brena Swanson
HUD Secretary Julian Castro answered a wide breadth of issues during his hearing with the Committee on Financial Services. While they were there to examine HUD and its programs, topics went from talking about homeless Veterans one second to disparate impact the next.
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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
Ben Lane
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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