Items Tagged with 'Department of Housing and Urban Development'

ARTICLES

  • CEO of banned lender Seckel Capital charged with lying to HUD

    John Seckel accused of making false statements to HUD about company’s finances
    Back in July, HUD banned mortgage lender Seckel Capital from originating or underwriting FHA-backed mortgages after an investigation found that company repeatedly lied to the FHA about its financials. As part of the action, HUD also suspended the company’s owner and CEO, John Seckel, from doing business with the federal government. As it turns out, the government isn’t done with Seckel yet.
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  • HUD to consider eliminating manufactured housing regulations

    Launches comprehensive review of manufactured housing rules
    The Trump administration’s deregulatory efforts have officially come to the Department of Housing and Urban Development. HUD announced on Thursday that it is launching a “wholesale review” of its manufactured housing rules as part of a “broader effort to identify regulations that may be ineffective, overly burdensome, or excessively costly given the critical need for affordable housing.”
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  • New home sales finish 2017 at highest level in a decade

    More new homes sold last year than in any year since 2007
    Earlier this week, a report from the National Association of Realtors showed that 2017 was the best year for existing home sales since 2006. As it turns out, existing homes weren’t the only ones selling at a record level last year.
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  • Monday Morning Cup of Coffee: What a government shutdown means for housing

    Impact on FHA, VA, Fannie, Freddie, CFPB
    Well, in case you didn’t hear it over the weekend (and if you didn’t, good for you for being able to fully unplug), the government shut down at 12:01 a.m. Eastern on Saturday after Republicans and Democrats were unable to come to an agreement to keep the government funded and functioning. Here's what it means for housing.
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  • New home construction rises in 2017, closes year on positive note

    Housing starts, completions, and permits all increased over 2016
    From the looks of it, 2017 ended up being a pretty decent year for new home construction. On Thursday, the Census Bureau and HUD provided a look at the December data on new home construction, and the report shows that building permits, housing starts, and housing completions all increased in 2017.
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  • Civil rights, housing, community development groups slam HUD’s fair housing rule delay

    Call on HUD to reinstate Affirmatively Further Fair Housing rule
    In the wake of the Trump administration moving to delay an Obama-era fair housing rule, prominent Democrats, like former HUD Secretary Julián Castro and Rep. Maxine Waters, spoke out against the move. And they’re not the only ones who don’t support the Trump administration’s decision to delay the Affirmatively Furthering Fair Housing rule.
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  • Trump administration delays Obama fair housing rule, Castro says move “guts” rule

    Affirmatively Furthering Fair Housing rule delayed
    Earlier this year, HUD Secretary Ben Carson said that HUD will look to “reinterpret” a controversial fair housing rule issued by the Obama administration in 2015. Now, in a move that prominent Democrats and fair housing experts are calling disastrous, HUD plans to announce Friday that it is delaying the Affirmatively Furthering Fair Housing Rule by one year.
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  • FHA to stop insuring mortgages with PACE loans

    Trump administration reverses Obama policy
    Last year, the Obama administration announced that the Federal Housing Administration would begin insuring mortgages that also carry liens created by the PACE program. But that was last year. Things are much different now. In a stark reversal, FHA announced Thursday that it will no longer insure mortgages with PACE liens.
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