FHA seeks input on buy now, pay later lending
The Federal Housing Administration (FHA) has opened a request for information on buy now, pay later (BNPL) lending as it seeks to understand its implications for housing affordability and stability.
HUD
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State AGs oppose HUD’s plan to roll back fair housing marketing rules
The proposed rule would eliminate federal requirements prohibiting discriminatory marketing of affordable housing.
HUD announces three senior leadership additions
Friday’s staff appointments followed the swearing-in of Andrew Hughes, the former HUD chief of staff, as deputy secretary.
FHA rescinds 12 policies as Trump administration pushes to cut red tape
Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.”
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.
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.