Posts filtered by tags: Department of Housing and Urban Development HUD[x]


 

GAO-19-380SP, Priority Open Recommendations: Department of Housing and Urban Development, April 03, 2019

What GAO Found In March 2018, GAO identified four priority recommendations for the Department of Housing and Urban Development (HUD). Since then, HUD has implemented two of those recommendations...
Tags: Hud, GAO, Department of Housing and Urban Development, Department of Housing and Urban Development HUD


Facebook's ad targeting discriminates by race and gender, even when it's not told to, study suggests

A newly published research paper suggests that Facebook's ad delivery system discriminates along racial and gender lines, even when advertisers target their content to a wide audience. Researchers spent $8,500 on ads, and found that housing and job ads were shown to different demographics even though they were set to be targeted at identical audiences. This comes on the heels of US housing officials' recent charge that Facebook enables housing discrimination. A new research paper published on...
Tags: Google, Facebook, UK, US, Trends, Hud, North Carolina, Economist, Department of Housing and Urban Development HUD, US Department of Housing and Urban Development


Facebook is expanding its ad transparency efforts, but some advertisers worry it could hurt their ability to be competitive

Facebook is expanding its political and issue ads transparency repository to encompass all live ads. With the website, which it renamed Ad Library, Facebook is adding the ability to search ads and users to see the spending and performance of political and issue advertisers for up to seven years. Agencies called the move proactive but want more information about how Facebook labels ads. In some cases, agencies have started vetting creative to Facebook reps before a campaign runs to avoid the po...
Tags: Facebook, Facebook Pages, US, Trends, New York Times, Hud, Merkle, Financial Times, Kramer, Department of Housing and Urban Development HUD, Satwik Shukla, Facebook Doing, Ad Library, Ad Library Facebook, The Ad Library, Emily Kramer


Facebook Hit With New HUD Lawsuit Over Housing Ads

The Department of Housing and Urban Development (HUD) has filed charges against Facebook, Inc. alleging that the social media giant has violated multiple subsections of the Fair Housing Act, indicating that Facebook has engaged in discriminatory advertising practices that could limit certain protected classes from gaining access to housing. This lawsuit comes just one week following an announcement by Facebook that it will implement sweeping changes to its advertising platform by the end of t...
Tags: Facebook, Florida, Featured, Washington Post, Washington, Finance, Hud, Osborne, FHA, Facebook Inc, Joe Osborne, Department of Housing and Urban Development HUD, NRMLA, Weiner Brodsky Kider PC, Jim Milano, RMD


Despite changes, HUD hits Facebook with charges of ad discrimination

After removing several ad categories for housing ads last week, Facebook is now facing charges from the Department of Housing and Urban Development. HUD says the social media network still has tools that allow advertisers to discriminate. The post Despite changes, HUD hits Facebook with charges of ad discrimination appeared first on Digital Trends.
Tags: Facebook, News, Trends, Social Media, Hud, Department of Housing and Urban Development HUD


Trump refuses to rule out pardons for Michael Flynn and others – live

Trump hints in Hannity interview he has considered pardonsKey Republicans believe his healthcare plans make no senseGo beyond the headlines: sign up to our US morning briefing 3.11pm GMT Some good news for Pete “Mayor Pete” Buttigieg, who has just recorded his best 2020 polling numbers.In a national poll by Quinnipiac Buttigieg is the choice, nationwide, of 4% of Democrats and Democratic leaning registered voters – up from his previous high of 1%. According to CNN’s Harry Enten that is more ...
Tags: Facebook, Republicans, US, World news, US news, Cnn, Democrats, Hud, US healthcare, Donald Trump, Trump, HANNITY, Pete, Department of Housing and Urban Development HUD, Michael Flynn, FiveThirtyEight


HUD Charges Facebook With Enabling Housing Discrimination

The Department of Housing and Urban Development (HUD) on Thursday charged Facebook with discrimination under the Fair Housing Act. HUD says it believes the company was “encouraging, enabling, and causing housing discrimination through the company’s advertising platform.”Read more...
Tags: Facebook, Mark Zuckerberg, Real Estate, Science, Housing, Social Media, Mortgages, Hud, Discrimination, Ben Carson, Sheryl Sandberg, Housing and Urban Development, Department of Housing and Urban Development, Department of Housing and Urban Development HUD, Paul Compton, Fair Housing Act


HUD Charges Facebook for Enabling Housing Discrimination

The Department of Housing and Urban Development (HUD) charged Facebook with discrimination under the Fair Housing Act today, “by encouraging, enabling, and causing housing discrimination through the company’s advertising platform.”Read more...
Tags: Facebook, Science, Hud, Ben Carson, Sheryl Sandberg, Department of Housing and Urban Development HUD, Our Garbage Facebook


Reverse Mortgage Professionals Talk Effective Sales Practices

Using a multimedia outreach strategy, illustrating a client’s goals in terms of asset preservation, and being honest in order to establish trust: these are just some of the effective strategies of experienced reverse mortgage sales professionals shared in a roundtable discussion about selling reverse mortgage products in today’s world, which took place this week at the National Reverse Mortgage Lenders Association (NRMLA) Western Regional Meeting in Huntington Beach, Calif. The discussion, mo...
Tags: Finance, Perry, Simmons, National Reverse Mortgage Lenders Association, HUNTINGTON BEACH Calif, Orange County Calif, Tustin Calif, Department of Housing and Urban Development HUD, Finance of America Reverse, New American Funding, Susan Perry, Sherry Apanay, Apanay, Bruce Simmons, American Liberty Mortgage, TreeHouse Mortgage Group


President Trump Calls for U.S. Housing Reform Plan, Review of HECM Program

President Donald J. Trump signed an executive memorandum Wednesday initiating the process of reforming the United States housing system, which includes an objective to examine the “financial viability” of the Home Equity Conversion Mortgage (HECM) program. The president has expressed his intent to end the conservatorship of Freddie Mac and Fannie Mae that has been in effect since September 2008, and he has also directed the Secretary of the Treasury, Stephen Mnuchin, and the Secretary of Hous...
Tags: Congress, Finance, Senate, White House, United States, House Of Representatives, Treasury, Hud, Cabinet, Ben Carson, Trump, Freddie Mac, FHA, Donald J Trump, Housing and Urban Development, Fannie Mae


New HECM Head Hopes to ‘Move Needle’ in New Role

The new Senior Advisor to the Department of Housing and Urban Development (HUD) Deputy Assistant Secretary for Single Family Programs, Dr. Joshua Miller, introduced himself Monday to the reverse mortgage industry by giving a Home Equity Conversion Mortgage (HECM) program update to assembled reverse mortgage professionals. Miller, named to his new post in mid-February, offered data related to the HECM program and its projected standing into the remainder of the current fiscal year to attendees...
Tags: Texas, Finance, Hud, Miller, National Reverse Mortgage Lenders Association, HUNTINGTON BEACH Calif, California Florida, Department of Housing and Urban Development HUD, Peter Bell, HECM, NRMLA, Karin Hill, Joshua Miller, Office of Single Family Housing


NRMLA Western Conference to Highlight Path to Success in Today’s Market

Creating a path to success in today’s reverse mortgage marketplace will be a major theme for the National Reverse Mortgage Lenders Association’s spring conference this year. NRMLA’s Western Regional Conference, taking place March 25-26 in Huntington Beach, Calif., features a programming schedule consisting of discussions around collateral risk assessments, marketing best practices and economic factors, as well as face time with a prominent new official from the Department of Housing and Urba...
Tags: Featured, Washington, Finance, Hud, Josh Miller, Miller, Irwin, Steve Irwin, National Reverse Mortgage Lenders Association, HUNTINGTON BEACH Calif, Department of Housing and Urban Development HUD, NRMLA, Edward Seiler, Dworbell


CFPB Exam Points to Potential Reverse Mortgage Servicing Problems

The Consumer Financial Protection Bureau (CFPB) released the 18th edition of its Supervisory Highlights on Tuesday, which includes examinations of reverse mortgage loan and manufactured home loan servicers. CFPB examinations yielded information concerning activities which either appeared to result in deceptive practices or resulted in violations of Federal consumer financial laws. The document also includes findings related to auto loan servicing, deposits and remittances, and covers the agen...
Tags: Finance, CFPB, Department of Housing and Urban Development HUD, Consumer Financial Protection Bureau CFPB, Cash Express LLC, Mick Mulvaney, State Farm Bank, Santander Consumer USA LLC, Kathleen L Kraninger Read


January HMBS Issuance Signals Sluggish Year Ahead

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) declined in January to $614 million. This is down from December’s stronger showing but still maintains similar numbers to those found in recent months, which could also indicate lower volume for the year when compared with 2018. This is according to publicly available GNMA data and private sources compiled by New View Advisors. Though December 2018 saw some recovery from November’s issuance figures – which were the...
Tags: Finance, New View, McCully, Department of Housing and Urban Development HUD, HMBS, Home Equity Conversion Mortgage, Michael McCully


HUD Touts 2018 Accomplishments in Housing, HECM Program

The Department of Housing and Urban Development (HUD) released a list of its accomplishments in 2018, highlighting a series of decisions and results that include those relating to the Mutual Mortgage Insurance (MMI) fund and the Home Equity Conversion Mortgage (HECM) program. The document released by HUD credits the leadership of department secretary Ben Carson, and the policy initiatives of the Trump Administration. Among the key accomplishments related to the reverse mortgage industry detai...
Tags: Featured, Finance, Regulation, Hud, Ben Carson, FHA, Department of Housing and Urban Development HUD, MMI, HECM, Trump Administration


HUD Secretary Carson Decries Government Gridlock as Shutdown Finds Temporary End

Department of Housing and Urban Development (HUD) Secretary Ben Carson is not often one to get worked up, but he did flash a degree of tempered frustration at political leaders in Washington, D.C. over the longest government shutdown in American history in a recent interview, right before the White House and congressional leaders agreed to temporarily reopen the government. Carson, who has been largely quiet since the shutdown began in late December, told NPR’s Brakkton Booker that government...
Tags: Featured, Washington, Finance, Senate, White House, Regulation, Hud, Mitch McConnell, Npr, Nancy Pelosi, Ben Carson, U.s. Government, Carson, Department of Housing and Urban Development HUD, HECM, Brakkton Booker


Why iReverse Home Loans is Moving into the Forward Mortgage Space

Reverse mortgage firms have had to find new ways to adapt to the realities of business, particularly in the wake of highly influential changes to principal limit factors (PLFs) handed down by the Department of Housing and Urban Development (HUD) in October of 2017. While some are focused more squarely on innovating ways to conduct reverse business, other firms are choosing to expand their offerings beyond reverse mortgages and widen their umbrella to include traditional, forward mortgages. “I...
Tags: Featured, Finance, Hud, Southern California, Lenders, Department of Housing and Urban Development HUD, iReverse, Mazursky, Michael Mazursky


Government Shutdown’s Reverse Mortgage Impact, Big and Small

The partial shutdown of the United States federal government that is currently in effect has become the longest one in history, ending its 30th consecutive day on Monday and having widespread ramifications for over 800,000 federal workers and dozens of federal agencies. While direct ramifications to the production of reverse mortgage business have been minimal according to originators, the shutdown’s effects on different aspects of reverse business can still be felt, particularly when looking...
Tags: Featured, Congress, Washington, Finance, White House, Regulation, United States, New York Times, Hud, SEC, Products, Aba, U.s. Government, Freddie Mac, FHA, Urban Institute


Inside Reverse Mortgage Alternatives: QuantumRE

The leadership team behind a new equity release product made available at the end of 2018 understands that it is competing with standard home equity conversion products like reverse mortgages, but also say that the increasing prevalence of tools dedicated to tapping home equity is helpful in educating prospective customers about ways in which they can access cash from their housing wealth. “I think what we’re saying is that it’s about education, because people right now are not aware of poten...
Tags: Featured, Finance, Hud, Products, Southern California, FHA, Sullivan, Lenders, Department of Housing and Urban Development HUD, Federal Housing Administration FHA, HECM, Matthew Sullivan, QuantmRE, John Livesay QuantmRE


Inside Reverse Mortgage Alternatives: QuantmRE

The leadership team behind a new equity release product made available at the end of 2018 understands that it is competing with standard home equity conversion products like reverse mortgages, but also say that the increasing prevalence of tools dedicated to tapping home equity is helpful in educating prospective customers about ways in which they can access cash from their housing wealth. “I think what we’re saying is that it’s about education, because people right now are not aware of poten...
Tags: Featured, Finance, Hud, Products, Southern California, FHA, Sullivan, Lenders, Department of Housing and Urban Development HUD, Federal Housing Administration FHA, HECM, Matthew Sullivan, QuantmRE, John Livesay QuantmRE, Sullivan Anathema


Local Spotlight: Reverse Mortgages in Florida

Florida remains the retiree capital of the United States. No personal income tax, warm weather and plenty of sunshine drew nearly 78,000 retirees to the state in 2015 alone, according to the most recent U.S. Census migration data. That’s 50,000 more retirees than Arizona, the second state on the list. Regional Stats:Total FL Population: 21.3 million (World Population Review) Senior Population (Ages 65 and up): 19.1% (Pew) Average Home Value: $200,000 (Smart Asset)Year-over-year: Home Price Ap...
Tags: Florida, Featured, Retirement, Finance, Data, United States, Arizona, Hud, Products, Baby Boomers, Clearwater Fla, Tennant, U S Census, Ormond Beach Fla, Department of Housing and Urban Development HUD, HECM


U.S. House Passes Bill to Fund HUD, Transportation Dept.

At the end of the 20th day of the partial United States government shutdown, the Democratically-controlled House of Representatives passed a standalone spending bill to fund and reopen both the Department of Housing and Urban Development (HUD) and the Department of Transportation, along with a handful of other agencies. According to The Hill, the House voted 244-180 in favor of the measure to provide clean funding to the relevant departments. 12 Republicans crossed party lines to vote with De...
Tags: Congress, Washington Post, Washington, Finance, Senate, White House, United States, House, House Of Representatives, Hud, Mitch McConnell, Department Of Transportation, U S House, The Hill, Department of Housing and Urban Development HUD, HUD Transportation Dept


Top 10 Reverse Mortgage Stories of 2018

Along with new hurdles introduced to the reverse mortgage business in 2018 – like a potentially difficult rule concerning second appraisals and the prolonged FHA approval process for condominiums – there also came new opportunities. Among these are the increasing prevalence of proprietary jumbo loans, and another rise in the HECM lending limit from the Department of Housing and Urban Development (HUD). To put a cap on RMD’s coverage for the year, we thought we’d take a look back and present the ...
Tags: News, Finance, San Diego, Hud, Zillow, Freddie Mac, FHA, FHFA, Federal Housing Administration, Fannie Mae, FAR, Department of Housing and Urban Development HUD, Fannie, MMI, HECM, Reverse Mortgage


[Updated] Reverse Mortgage Lending Limit To Rise in 2019

The lending limit for federally-backed reverse mortgages is increasing for the third consecutive year in a row and is set to rise to $726,525 in 2019. The Department of Housing and Urban Development (HUD) announced on Friday via Mortgagee Letter 2018-12 a maximum claim amount of $726,525 for calendar year 2019, up from $679,650 in 2018. HUD calculates this figure at 150 percent of the conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac, which was announced by the Fed...
Tags: Finance, Hud, Freddie Mac, Steve Irwin, Virgin Islands, Fannie Mae, Department of Housing and Urban Development HUD, HECM, Mortgagee Letter, John Lunde, Alaska Hawaii Guam, Federal Housing Finance Agency FHFA, Elizabeth Ecker, HUD HUD


Reverse Mortgage Lending Limit To Rise in 2019

The lending limit for federally-backed reverse mortgages is increasing for the third consecutive year in a row and is set to rise to $726,525 in 2019. The Department of Housing and Urban Development (HUD) announced on Friday via Mortgagee Letter 2018-12 a maximum claim amount of $726,525 for calendar year 2019, up from $679,650 in 2018. HUD calculates this figure at 150 percent of the conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac, which was announced by the Fed...
Tags: Finance, Hud, Freddie Mac, Steve Irwin, Virgin Islands, Fannie Mae, Department of Housing and Urban Development HUD, HECM, Mortgagee Letter, John Lunde, Alaska Hawaii Guam, Federal Housing Finance Agency FHFA, Elizabeth Ecker, HUD HUD


Reverse Mortgage Market Sees Sharp Uptick in Jumbo Interest

Proprietary reverse mortgages appear to be increasing in their overall prevalence within the larger market, according to data shared with RMD by both reverse mortgage originators and counseling participants. While the Department of Housing and Urban Development (HUD) tracks Home Equity Conversion Mortgage activity month to month, the market for new jumbo products is less known. Yet originators and counselors are saying the interest is strong and rising, with some seeing volume increase from s...
Tags: News, California, Finance, Hud, FHA, San Diego Calif, Ormond Beach Fla, Department of Housing and Urban Development HUD, HECM, Reverse Mortgage, Finance of America Reverse, Christina Harmes, Harmes, Cosentini, Kristen Sieffert, Sieffert


Senate Set to Move Ahead on Kraninger Nomination for CFPB Director

Kathleen Kraninger moved one step closer to leading the Consumer Financial Protection Bureau Thursday in a narrow vote of the Senate. The 50-49 vote in favor of ending debate on her nomination clears the way for a full confirmation vote sometime within the next five days. The matter of CFPB’s leadership is of particular interest to the reverse mortgage industry due to the Bureau’s intended mission of oversight concerning financial institutions, which includes regulating the activity in bo...
Tags: News, Finance, Senate, Hud, Donald Trump, CBA, Bureau, Hunt, Mike Pence, Harvard Law School, Schumer, CFPB, Mitch McConnell R Ky, McConnell, Chuck Schumer, OMB


GAO-19-38, Department of Housing and Urban Development: Better Guidance and Performance Measures Would Help Strengthen Enforcement Efforts, October 30, 2018

What GAO Found The three program offices of the Department of Housing and Urban Development (HUD) that GAO examined have a process in place for referring cases of potential noncompliance to the...
Tags: GAO, Department of Housing and Urban Development, Department of Housing and Urban Development HUD, Better Guidance


Condos Continue to Cause Reverse Mortgage Headaches

The Federal Housing Administration approval process for condominiums continues to be a headache for loan originators who have prospective clients interested in Home Equity Conversion Mortgages. Currently, an entire condominium community must be approved by the FHA for a resident to open a HECM. But many originators said they are met with resistance from condo boards when they approach about beginning the approval process. Of the estimated 170,000 condo associations in the country, only 9,965 are...
Tags: News, Finance, New York City, Chicago, Hud, Sun City, Hochberg, FHA, Brian Sullivan, Mahwah N J, Federal Housing Administration, Department of Housing and Urban Development HUD, HECM, Reverse Mortgage, Nationwide Equities Corp, Philip Parziale


GAO-18-429, Rental Housing Assistance: Actions Needed to Improve Oversight of Criminal History Policies and Implementation of the Fugitive Felon Initiative, August 09, 2018

What GAO Found Federal requirements for public housing agencies. Federal statutes and Department of Housing and Urban Development (HUD) regulations require public housing agencies (PHA) to...
Tags: GAO, Department of Housing and Urban Development HUD