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HUD

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FHA rescinds 12 policies as Trump administration pushes to cut red tape

June 27, 2025 by bp56691
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.”
Categories Appraisals, FHA, FHA loan, Flood, Government Lending, HUD, HWmember, Mortgage, Regulatory, Regulatory Compliance, Scott Turner, Underwriting

North Carolina real estate office reopens after Hurricane Helene devastation

June 20, 2025 by bp56691
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.
Categories Brokerage, HUD, Hurricane, Natural Disaster, North Carolina, Real Estate

In Chicago, a reverse mortgage scammer left a lasting scar

June 13, 2025 by bp56691
Mark Diamond was sentenced to 17 years in prison for his crimes against elderly homeowners, but the damage in Chicago is still visible.
Categories Chicago, HECM, Home Equity, HUD, HWmember, Illinois, Reverse

White House expects reverse mortgages to continue producing government receipts

June 4, 2025 by bp56691
The White House expects continued performance from the HECM portion of the MMI Fund, according to a recent budget document.
Categories FHA, HECM, HUD, HWmember, Regulatory, Reverse, White House

HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers

June 3, 2025 by bp56691
A new mortgagee letter said that some of the Biden administration’s final servicing guidance was too “burdensome,” resulting in changes.
Categories FHA, HUD, HWmember, Mortgage, Mortgage Servicing, Regulatory, Trump Administration

HUD OIG reveals ongoing reverse mortgage oversight priority

May 29, 2025 by bp56691
The HUD OIG report details some reverse mortgage highlights, including an ongoing oversight priority and a recent conviction.
Categories Department of Justice, Ginnie Mae, HECM, HUD, HWmember, Regulatory, Reverse

HUD publishes new reverse mortgage counseling guidance

May 23, 2025 by bp56691
The guidance is designed to clarify requirements for obtaining HECM counseling certification, and to provide a HECM “toolkit” for agencies.
Categories Counseling, FHA, HECM, HUD, HWmember, Reverse

Federal lands amendment draws bipartisan rebuke

May 20, 2025 by bp56691
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.
Categories Congress, House of Representatives, Housing Market, HUD, HWmember, Legislation, Montana, Nevada, Utah

HUD approves Asheville’s hurricane recovery plan after initial objection over DEI

May 16, 2025 by bp56691
The city’s $225M recovery plan, initially rejected by HUD over DEI concerns, is one step closer to being fulfilled.
Categories Disaster Relief, Government Lending, Housing Market, HUD, Hurricane, HWmember, Natural Disaster, North Carolina, Politics

HUD secretary defends repeal of fair housing rule

May 12, 2025 by bp56691
The rule required local governments to analyze housing patterns for racial and economic disparities and submit corrective plans to HUD.
Categories Discrimination, Fair Housing, Housing Market, HUD, HWmember, National Fair Housing Alliance, Politics, Regulatory, Regulatory Compliance, Scott Turner, Trump Administration
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