Monday Morning Cup of Coffee: Time to cut the MLS cord?

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance
W S

Items Tagged with 'HUD'

ARTICLES

Fannie Mae accused of widespread racial discrimination

Housing groups say GSE neglects foreclosures in minority neighborhoods
Ben Lane
The National Fair Housing Alliance and 19 local fair housing organizations are accusing Fannie Mae of widespread racial discrimination, claiming that the GSE maintains and markets its foreclosures in white neighborhoods “consistently better” than in middle- and working-class African American and Latino neighborhoods. Fannie Mae says the charges are without merit.
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Obama: Here are 8 lucky communities chosen to build prosperity

Administration names new "Promise Zones"
Brena Swanson
After 123 applications from 36 states, the official list of chosen communities is out. Here’s the Obama Administration’s eight new Promise Zone communities.
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FHA beefs up foreclosure prevention initiatives

Housing advocates applaud changes to HUD’s distressed asset program
Trey Garrison
The FHA and HUD are taking steps to amp up foreclosure prevention, and some housing advocates like what they’re hearing.
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Quicken Loans sues DOJ, HUD for “shake down”

Says agencies demanding unwarranted penalties, false public admissions
Trey Garrison
Quicken Loans says it has had all it can stand, and it can’t stand anymore. So it's taking the government to court over what it says is a blatantly unfair federal investigation and threats of a lawsuit. Do they have a chance?
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New HUD funding helps more than 1.5 households

Castro: “Game-changing for folks across the nation”
Brena Swanson
Housing will become much easier for more than 1.5 million households thanks to $36 million in grants to hundreds of national, regional and local organizations.
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The reverse mortgage gets a facelift

A positive for seniors
Phil Stevenson
In the upcoming weeks, reverse mortgages will be going through changes that will provide a much-needed facelift in the public eye, bringing some value back into the system. And one of the biggest impacts will be for homeowners threatened by bankruptcy or foreclosure.
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HUD’s Castro to Realtors: We want alternatives to traditional credit scoring

Credit accessibility continues to dog marginal homebuyers
Trey Garrison
Several real estate trade groups spent Wednesday discussing the challenges that credit standards pose for access for some would-be borrowers and alternatives to traditional credit scoring. Good idea, or increasing the subprime risk?
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HUD returns control of Detroit Housing Commission

DHC was in federal receivership for nearly 10 years
Ben Lane
Citing "consistent accountability and progress," the U.S. Department of Housing and Urban Development is finally handing control of the Detroit Housing Commission back to local authorities, after nearly 10 years of federal control.
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Confirmed: White House tapping senior HUD advisor to head FHA

Former Freddie Mac exec Edward Golding to be named
Trey Garrison
Former Freddie Mac executive and current senior HUD advisor is being named the new head of FHA.
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LAPD shooting of homeless suspect highlights HUD challenge

Warning: Graphic video
Trey Garrison
The shooting Sunday of a homeless suspect by Los Angeles police officers brought to the forefront again the problem of homelessness and violence, and reiterates why the administration is pushing so hard to reduce the problem.
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