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 the federal housing agencies
Surprise announcement comes on same day Biden administration rolls out $7.3T budget proposal that would provide $258B to expand access to affordable housing
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
HUD says policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership
Premium cuts are expected to save borrowers $678M a year but don't apply to existing loans or release homeowners who have built up equity from 'life-of-loan' requirements
The Department of Housing and Urban Development on Monday prevailed in expanding flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages
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 Fudge said in a new interview
Shortly after the Biden administration announced its plan to end housing discrimination, HUD Secretary Marcia Fudge said the department is taking a more hardline approach to enforcement
Released Wednesday morning, the 5-point plan seeks to arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry and leverage data for policymaking
A new report warns that a 'sudden and severe' reversal in home price appreciation could stress the Federal Housing Administration's finances again
Mortgage giant Freddie Mac's analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias
Journalists at watchdog say credit scores and algorithms used by Fannie Mae and Freddie Mac could be to blame
The Department of Housing and Urban Development plans on rescinding the Trump administration's protections for lenders accused of inadvertent discrimination
After throwing in the towel on a $2.7 billion merger, Genworth Financial is considering spinning off its mortgage insurance division