North Carolina real estate office reopens after Hurricane Helene devastation
Staff at Premier Sotheby’s International Realty continued to work with clients throughout the rebuilding process, despite the damage to their workplace.
HUD
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In Chicago, a reverse mortgage scammer left a lasting scar
Mark Diamond was sentenced to 17 years in prison for his crimes against elderly homeowners, but the damage in Chicago is still visible.
White House expects reverse mortgages to continue producing government receipts
The White House expects continued performance from the HECM portion of the MMI Fund, according to a recent budget document.
HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers
A new mortgagee letter said that some of the Biden administration’s final servicing guidance was too “burdensome,” resulting in changes.
HUD OIG reveals ongoing reverse mortgage oversight priority
The HUD OIG report details some reverse mortgage highlights, including an ongoing oversight priority and a recent conviction.
HUD publishes new reverse mortgage counseling guidance
The guidance is designed to clarify requirements for obtaining HECM counseling certification, and to provide a HECM “toolkit” for agencies.
Federal lands amendment draws bipartisan rebuke
As Republicans line up behind a plan to sell federal lands for housing, one Republican representative is signaling his opposition.
HUD approves Asheville’s hurricane recovery plan after initial objection over DEI
The city’s $225M recovery plan, initially rejected by HUD over DEI concerns, is one step closer to being fulfilled.
HUD secretary defends repeal of fair housing rule
The rule required local governments to analyze housing patterns for racial and economic disparities and submit corrective plans to HUD.
Why federal support for tiny homes could be a game changer
San Francisco-based DignityMoves is pushing for broader support on what its founder and CEO Elizabeth Funk calls “interim supportive housing.”