Tag Archives: HUD

Why has an advocacy group asked HUD to impose a moratorium on reverse mortgage foreclosures?

New single-family home sales fell short of expectations in March 2016, falling for the third consecutive month, according to data released Monday from the U.S. Census Bureau and HUD.

One housing advocacy group has defended the HUD Secretary against recent criticisms that he is not qualified to be vice president of the United States. At the same time, however, the group said HUD could stand to make some changes.

The HUD Secretary criticized the likely Republican presidential nominee for suggesting policy that Castro called "laughable" and "wrong-headed."

Home building in the U.S. slowed to the slowest pace in seven months after reaching a nine-year high, reflecting growing concerns in the construction sector and adding to inventory worries.

Both HUD and FHFA have recently made changes to their distressed loan sales aimed at improving borrower outcomes. But for some housing advocates, it hasn't been enough.

The settlement stems from Wells Fargo’s participation in the Direct Endorsement Lender program, a federal program administered by the Federal Housing Administration. It is the largest recovery for loan origination violations in FHA history.

HUD Secretary Julián Castro announced on Monday at the National Low-Income Housing Coalition meeting in Washington that the Department would soon make available $174 million through the first allocations to the National Housing Trust Fund.

What is driving the increase in new residential home sales while existing-home sales are disappointing?

Hensarling and Shelby said campaigns that criticize the open and competitive NPL sales process are “based on a false notion that doing so is somehow contrary to the goal of ‘neighborhood stabilization.’”