Workforce cuts, the rescission of Fair Housing initiatives and COVID assistance, and multiple pathways for Fannie Mae and Freddie Mac are all under discussion at…
Posts published in “Marcia Fudge”
The surprise announcement comes as the Biden administration rolls out a $7.3 trillion budget proposal that would provide $258 billion to expand access to affordable…
Initiative provides new financing and technical assistance to developers and local government, and highlights grants and tax incentives that can make conversion projects more attractive. …
Cuts are expected to save borrowers $678 million a year but don’t apply to existing loans or release homeowners who have built up equity from…
The Department of Housing and Urban Development on Monday announced it had prevailed in expanding flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages. …
The Black Homeownership Collaborative also asks HUD to ditch a “life of loan” requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity. …
Lending practices are killing Black neighborhoods across the country by making it so that only investors can afford to buy in them, HUD Secretary Marcia…
One month after the Biden administration announced its $86 million five-point plan to combat racial discrimination in the lending and appraisal industries, the Department of…
The five-point plan seeks to make the appraisal industry more accountable, arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry, and…
Although the FHA isn’t signalling it’s ready to reduce premiums, it’s looking at ways to expand access to mortgage credit, including downpayment assistance and support…