Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Politics & Money

HUD finally confronts decades of staffing shortages

Secretary Fudge said in March that the agency was "thousands of people short"

HW+ HUD

The Department of Housing and Urban Development (HUD) announced it has filled another round of positions, as it confronts decades of staffing shortages.

“These talented and diverse individuals join HUD ready to deliver results for the American people by tackling our nation’s housing challenges to build a stronger, more equitable America,” the agency said in a press release.

HUD Secretary Marcia Fudge assumed the top post at the agency at a time when it was already battling long-term and increasingly dire staff shortages.

A 2018 HUD Inspector General report found that “constant turnover and extended vacancies” had hobbled the agency’s management and business functions. “HUD could not fill essential positions with officials who stayed long enough to implement a vision and effect sustained positive changes,” the report’s authors concluded.

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