The Consumer Financial Protection Bureau and the Department of Justice, in cooperation with the Office of the Comptroller of the Currency, alleged Trustmark National Bank of Jackson, Miss., engaged in redlining against Black and Hispanic neighborhoods in Memphis, Tenn.
Tag: FHA
Industry Briefs Sept. 30, 2021: SimpleNexus Integrates with DocMagic
SimpleNexus, Lehi, Utah, integrated its Nexus Closing eMortgage platform with DocMagic’s eVault and eNote technologies. The integration enables automated generation of an eNote with a tamper-evident seal and delivers the eNote to a secure eVault for delivery to the MERS® eRegistry.
Broeksmit: MBA ‘Working Hard for You’
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, kicked off the MBA Risk Management, QA and Fraud Prevention Forum with a tacit acknowledgement that the past year has been the busiest for the real estate finance industry in years.
FHA Announces Temporary Partial Waivers to HECM Policy
FHA on Thursday issued temporary partial waivers to its Home Equity Conversion Mortgage (HECM) policies. These waivers provide mortgagees with expanded flexibility to help senior homeowners with HECMs who are struggling financially due to COVID-19.
Administration Announces Steps to Increase Affordable Housing Supply
The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.
Administration Announces Steps to Increase Affordable Housing Supply
The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.
FHFA, FHA Extend Single-Family Eviction Moratoria through Sept. 30
The Federal Housing Finance Agency and the Federal Housing Administration on Friday extended their eviction moratoria through Sept. 30 for foreclosed borrowers and other occupants.
The Week Ahead Aug. 2, 2021: Five Things to Watch
Good morning! Welcome to the first week of August. While traditionally a “quiet” period here in Washington, as of late that term seems relative. Here are five topics we’re keeping an eye on:
MBA, Trade Groups Urge Senate Confirmation of Julia Gordon as FHA Commissioner
The Mortgage Bankers Association and nearly three dozen industry trade groups sent a letter to Senate leadership urging confirmation of Julia Gordon as HUD Assistant Secretary for Housing and Commissioner of the Federal Housing Administration.
FHA Establishes New, Streamlined COVID-19 Recovery Loss Mitigation Options
The Federal Housing Administration on Friday published Mortgagee Letter 2021-18, COVID-19 Recovery Loss Mitigation Options. The ML outlines assistance for homeowners who have been financially impacted by the COVID-19 pandemic to remain in their homes with new, streamlined loss mitigation options.