Ben Carson, the Housing and Urban Development secretary, said the Obama-era affirmatively furthering fair housing rule "impeded. Accountability Office and by HUD itself. "Since issuance of the.
Freddie Mac announces first credit risk-sharing deal of 2016 Freddie Mac Announces Second ACIS(R) credit risk transaction of 2016 With a $336 Million Limit MCLEAN, VA–(Marketwired – Mar 25, 2016) – Freddie Mac ( OTCQB : FMCC ) announced today that it has obtained new insurance policies under its successful Agency Credit Insurance Structure (ACIS ) program.
Specifically, Obama addressed last week’s announcement by the U.S. Department of Housing and Urban Development of the "final rule" on Affirmatively Furthering Fair Housing, which will.
The federal Fair Housing Act has two main goals: to end discrimination in the selling, renting and financing of housing, and to promote diverse The second goal is referred to as Affirmatively Furthering Fair Housing (AFFH), and requires municipalities that receive federal funds to take.
Established in the Fair Housing Act of 1968, the law directs HUD and its program participants to affirmatively further the Act’s goals of promoting fair housing and equal opportunity. The final rule on affirmatively furthering fair housing (AFFH) aims to provide all HUD grantees with clear.
House OKs Extension of Tax Credit Deadline The House passes, 409-5, legislation (H.R. 5623) extending the closing deadline for the first-time home buyer tax credit from June 30 to Sept. 30. The deadline extension only applies for home buyers who entered into a written contract by April 30, according to a summary from Rep. Dahlkemper’s office.
Affirmatively Furthering Fair Housing. Department of Housing and Urban Development (HUD) published a proposed rule for review to provide guidance, structure and action steps for grantees to better.
The FHA/HUD official site has announced a final rule that will promote and clarify fair housing requirements. A press release titled, "HUD Announces Final Rule On Affirmatively Furthering Fair Housing" announces both new procedures and simplified fair housing rules.
Learn more about the Affirmatively Furthering Fair Housing Final Rule. Purpose: This Housing Notice informs HUD approved HECM counselors of recent HECM program updates to policies and requirements addressing Financial Assessments, Property Charges, Lien Seasoning, Non-Borrowing.
CFPB fines Residential Credit Solutions $1.5 million for illegal mortgage servicing consumer reporting, auto finance, student loan servicing, and international money. than 25 million consumers harmed by illegal practices.. relief, Bank of America was ordered to pay a $20 million civil penalty. Residential Credit Solutions, Inc. – $1.5 million consumer refund for blocking consumers'.
The approach to affirmatively furthering fair housing carried out by HUD program participants prior to this rule, which involved an analysis of impediments to fair housing choice and a certification that the program participant will affirmatively further fair housing, has not been as effective as originally envisioned.
Affordable housing and business opportunities headline ULI conference Anawim Housing, a local nonprofit dedicated to creating affordable housing opportunities. At a City Council meeting this month, he emphasized that residents, rather than developers, should be the.HOT or NOT May: What’s trending in housing right now HOT or NOT: What is trending in housing right now? 0 Comments THE CFPB’S FUTURE: As president donald trump moved into the Oval Office, the fate of Dodd-Frank and the Consumer Financial Protection Bureau hangs in the balance.
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced a final rule today to equip communities that receive HUD funding with data and tools to help them meet long-standing fair housing obligations in their use of HUD funds. HUD will also provide additional.
NAR: 2015 will bring 5% interest rate to mortgage lending Chuck Spencer wants to borrow money for three years to purchase a new car. He has been offered a seven percent fixed rate loan and also a variable rate loan that has an initial rate of five percent. By choosing the variable rate loan, Chuck is reducing the lender’s risk by:
Yesterday the secretary of the Department of Housing and Development, Julian Castro, announced. of oversight As HUD itself puts it: Prior to this rule, HUD directed participants in certain HUD.