Lenders who rely on AI, algorithms could face new legal risks
The Department of Housing and Urban Development plans on rescinding the Trump administration's protections for lenders accused of inadvertent discrimination
by Matt Carter Jun 28
Residential construction rose in May, despite material challenges
Single-family housing starts rose modestly, but housing completions and building permits dropped from the previous month, according to the US Census Bureau
by Lillian Dickerson Jun 16
DC appeals court reinstates nationwide eviction ban
The ruling extends protections for tenants until June 30, when the CDC's national moratorium is set to expire
by Marian McPherson Jun 3
HUD Secretary Ben Carson
The former HUD Secretary is expected to bring 'new perspectives' to D.R. Horton
by Kelsey Ramírez Apr 22
HUD takes first step to revive Obama-era AFFH rule
HUD has filed the notice needed to reinstate Obama-era Affirmatively Furthering Fair Housing enforcement rules, which were repealed in September 2020
by Marian McPherson Apr 14
Big mortgage insurer may jump on IPO bandwagon
After throwing in the towel on a $2.7 billion merger, Genworth Financial is considering spinning off its mortgage insurance division
by Matt Carter Apr 13
HUD sends $690M to states for affordable housing
The Housing Trust Fund is funded by a fee on Fannie Mae and Freddie Mac and devoted to affordable housing for low- and extremely low-income households
Helping-first-time-homebuyers-5-financial-tips-Zolo
With the pandemic’s impact on homeowners still uncertain, Secretary of Housing Marcia Fudge says a cautious approach is warranted for now
by Matt Carter Mar 31
Marcia Fudge sworn in as HUD secretary with a fair housing focus
NAR looks forward to working with Fudge 'to address racial disparities in real estate and our nation’s persistent housing affordability crisis'
by Andrea V. Brambila Mar 10
A hand moving beads on an abacus
Lender will pay the Chicago homeowner $50K and provide mandatory training to its employees on fair lending and appraisals
by Andrea V. Brambila Mar 10
HUD's new fair housing guidance is 'a Band-Aid' for LGBTQ+ community
LGBTQ+ Real Estate Alliance CEO Ryan Weyandt said HUD's policy change is the right move, but the Equality Act is the key to long-lasting protection
by Marian McPherson Feb 17
Foreclosure ban and mortgage forbearance through June
Analysts say unemployment will continue to be an ongoing issue even as the pandemic subsides
by Andrea V. Brambila Feb 16
Court grants stay in lawsuit over Trump-era fair housing rule
Biden executive order directs HUD to review the effects of its repeal of the 2015 Affirmatively Furthering Fair Housing rule and weakening of the 'disparate impact' standard
by Andrea V. Brambila Feb 16
Housing construction sees 'biggest bang' since 2006
New homes authorized by permits were up 17% year over year in December, according to the US Census Bureau and US Department of Housing and Urban Development
by Patrick Kearns Jan 21
The surge in new single-family home sales is slowing down
The sales rate of new single-family homes dropped 11% from October to November
by Patrick Kearns Dec 23