Articles Tagged with ''HUD''

FHA extends foreclosure moratorium for HECM borrowers in Puerto Rico, Virgin Islands

Extends foreclosure freeze for hurricane victims
Earlier this month, HUD announced that the FHA would be extending the foreclosure moratorium for Hurricane Maria victims in Puerto Rico and the U.S. Virgin Islands. The extension dealt only with forward borrowers, but HUD and the FHA are now extending the foreclosure moratorium for Home Equity Conversion Mortgage borrowers as well.
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HUD: We need more funding from Congress for much-needed bureau updates

Technology dates back to 70s
The U.S. Department of Housing and Urban Development announced it needs serious updates to the agency, and it’s going to need more funding to get there. “We simply need to do better,” HUD Secretary Ben Carson said in a statement. Here’s what you need to know about HUD’s new plan, and what it will take to implement.
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HUD proposes change to mission statement, housing groups push back

Proposed change shortens mission statement to 23 words
The Department of Housing and Urban Development is considering changing its mission statement, according to a leaked March 5 memo obtained by the Huffington Post. The proposed statement removes anti-discrimination language and replaces it with phrasing that aligns closely with Secretary Ben Carson’s push for self-sufficiency. Housing and civil rights groups have spoken out on the proposed change, saying it goes against fair housing rules.
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HUD employee accuses Carson of running “witch-hunt” and “smear campaign” against whistleblower

Email obtained by HousingWire says HUD employees are operating in fear
A Department of Housing and Urban Development employee accused HUD Secretary Ben Carson of running a “witch-hunt” and a “smear campaign” against a whistleblower who complained about HUD’s plan to spend $31,000 on a custom hardwood dining set that was to be installed in Carson’s office.
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Ben Carson: Brain surgery was easier than running HUD

"There are more complexities here than in brain surgery," HUD secretary tells NYT
In a new report from the New York Times, U.S. Department of Housing and Urban Development Secretary Ben Carson acknowledged the difficulties of his role, which he once considered quitting, within the Trump administration. Carson told the paper: “There are more complexities here than in brain surgery,” about leading HUD.
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Monday Morning Cup of Coffee: HUD morale said to hit all-time low

And paying mortgage is at its lowest point since 2009
A new report revealed morale at HUD just hit an all-time low under HUD Secretary Ben Carson. But HUD isn't the only place facing challenges. Black Knight released today its latest Mortgage Monitor which showed increasing mortgage rates and home prices pushed affordability to its lowest point since 2009.
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Report: Ben Carson wants to cancel custom furniture order

House Oversight Committee asks for information about purchase and demoted employee claims
Following reports about the Department of Housing and Urban Development ordering a $31,000 custom hardwood dining set for his office, Secretary Ben Carson is requesting that the order be canceled. Meanwhile, the House Committee on Oversight and Government Reform wants to know more about the purchase and the HUD official who said she was demoted for pushing back on the spending.
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Housing industry calls on Senate to confirm Brian Montgomery as FHA commissioner

Trade groups, companies, law firms, fair housing advocates join together
It’s been nearly three months since the Senate Banking, Housing, and Urban Affairs Committee approved Brian Montgomery’s nomination to lead the Federal Housing Administration, but Montgomery’s name has not yet been put before the full Senate for a vote. That wait is more than enough for a consortium of housing industry power players.
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