Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

The 100-years-war over real estate commissions

HousingWire plunges down the rabbit hole of residential real estate commissions, uncovering the past, present and future of this wholly unique part of the economy.

Real estate agents and LOs: the great collaboration

We spoke with Propertybase CEO Vance Loiselle about real estate tech and how the past year has accelerated the need for digital collaboration tools across the entire customer journey.

Black HomeownershipPolitics & Money

Frozen out, career HUD official sounds the alarm

Career official wrote of serious concerns about the FHA's pandemic strategy

HW+ Washington D.C_

In February, a top career official at the U.S. Department of Housing and Urban Development fired off a troubling letter to the Biden administration. 

The official, a 23-year veteran of the agency, wrote that he had serious concerns about the Federal Housing Agency’s pandemic response, the timing and effectiveness of a massive IT modernization effort ahead of the 2020 election, and a tidal wave of defaults and foreclosures the federal government wasn’t prepared to handle. Those liabilities alone totaled $155 billion, the official, Vance Morris, warned in the letter.

Critically, the Biden administration was flying blind because they’d iced Morris out of the transition from the Trump administration, he wrote in the letter, which was not made public.

HousingWire spoke to half a dozen housing policy experts and former HUD officials to assess the risk to taxpayers described by the official in the letter; whether the software update was politically tainted; and ultimately why Morris, the associate general deputy assistant secretary at HUD, was sidelined by the Biden administration.

The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a member? log in

HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

Most Popular Articles

Biden’s $15K first-time homebuyer tax credit now a bill

President Joe Biden called for a $15,000 tax credit for first-time homebuyers, and Congress has answered his call with a bill.

Apr 26, 2021 By

Latest Articles

The odds are stacked against homebuyers with lower credit

A new OJO Labs report found that tools to build credit and homeownership are least visible, accessible, and useful to groups with lower credit scores.

May 06, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please