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Feds release long-awaited opportunity zone regulations

The federal government released regulations Wednesday meant to stimulate investment in businesses and real estate projects in financially distressed areas.
Tags: Investing, Radio, Hud, Ben Carson, Industry News, Steven Mnuchin, Opportunity Zones, Banking & Lending, William Fulton


Trump Swamp: Interior Secretary David Bernhardt Is In Some Trouble

Newly minted Interior Secretary David Bernhardt might have broken the record for time elapsed before his first inspector general’s probe. The former oil and gas lobbyist was confirmed on April 11 and by April 15  the department’s office of the inspector general announced a probe into his earlier actions at the department, namely whether he’s given regulatory gifts to his former clients, whether he continued lobbying even after declaring he’d stopped, and so on. To be fair, this investi...
Tags: News, White House, Hud, Times, Interior Department, New York Times Magazine, Justice Department, Ben Carson, Trump, Interior, Department of Interior, MGM Resorts International, Kendall, Zinke, Bureau of Indian Affairs, Bernhardt


iOS 13 To Feature Dark Mode and Interface Updates, Report Says

9to5Mac has learned of several new features expected to be included in iOS 13. From the report: Dark Mode: There will be a system-wide Dark Mode that can be enabled in Settings, including a high contrast version, similar to what's already available on macOS. Speaking of macOS, iPad apps that run on the Mac using Marzipan will finally take advantage of the Dark Mode support on both systems. Multitasking: There are many changes coming to iPad with iOS 13, including the ability for apps to have mu...
Tags: Apple, Mac, Siri, Tech, Hud


Senate panel votes against Public Safety director's confirmation, more details emerge on federal rail fund withholding, AC Hotel Wailea by Marriott breaks ground on Maui, more news from all the Hawaiian Islands

Senate panel votes against reappointing public safety director. A state Senate committee voted Thursday against reappointing Nolan Espinda director of the Department of Public Safety, citing last month’s riot at the Maui jail, recent shootings of an Oahu jail inmate and a homeless man, detention of prisoners beyond their release dates and an alleged culture of retaliation and intimidation within the department. Star-Advertiser.Ige Stands By His Public Safety Chief After Senate Panel Calls For Es...
Tags: Travel, Navy, Senate, Hawaii, Marriott, Hud, City Council, Blackstone, Public Safety, Hawaii Island, Maui, Honolulu, U S District Court, U S Department of Agriculture, Oahu, U S Navy


Democrats draw up bill that would require tech platforms to assess algorithmic bias

Democratic lawmakers have proposed a bill to address the algorithmic biases lurking under the surface of tech’s biggest platforms. The bill, known as the Algorithmic Accountability Act, was introduced by Senators Ron Wyden (D-OR), Cory Booker (D-NJ) and Representative Yvette Clarke (D-NY) will sponsor parallel legislation in the House. The bill is well timed. Over the last month alone, Facebook found itself settling over discriminatory practices that affected job ads as well as drawing civ...
Tags: TC, Facebook, Government, Senate, Tech, House, Ted Cruz, Clarke, Hud, Discrimination, Bias, Booker, Federal Trade Commission, Ftc, Ron Wyden, Cory Booker


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


First-Time Homebuyers Get a Break With Lower Mortgage Rates

(TNS)—Economic gurus got one part of the mortgage forecast for 2019 correct. We’re certainly seeing a volatile year for rates. What they didn’t see coming: Mortgage rates tumbled in March, the biggest one-week fall in a decade. Now—instead of seeing mortgage rates edge closer to 5.25 percent, as some had predicted we’d see in 2019—we’re looking at an average 30-year rate near 4 percent. The rate drop comes just in time for the spring home-buying season and will make monthly payments less expensi...
Tags: News, Radio, Hud, Birmingham, Mortgage Rates, Detroit, Credit Score, Financing, Latest News, Martinez, Beth Martinez, FHA, McBride, U S Department of Housing and Urban Development, Bankrate, Federal Housing Administration


Roaches And Leaks: Inspections Reveal Shocking Conditions Of US-Funded Housing

NATCHEZ, Miss. (AP) — In this city known for pre-Civil War mansions, a young mother shared a government-funded apartment with her three small children and a legion of cockroaches. They lurked in the medicine cabinet, under the refrigerator, behind a picture on the wall. The mother nudged a bedroom dresser and more roaches skittered away as her 2-year-old son stomped on them. It was home, sweet home for Destiny Johnson and her kids — until she got fed up and moved out last month. Inspectors had c...
Tags: News, Mississippi, Maryland, Obama, Congress, Housing, US, Barack Obama, Ap, Hud, Associated Press, Johnson, District Of Columbia, Illinois, Baltimore, George W Bush


Local Spotlight: Reverse Mortgages in Texas

Sure, everything is bigger in Texas. But is the state on track to becoming the largest reverse mortgage market in the country? Absolutely, says Scott Norman, vice president of field retail and government relations at Finance of America Reverse, LLC, in Austin. He predicts that Texas will lead the industry by 2030. Regional Stats: Total Texas Population: 28,701,845 (2018 estimate from US Census)Senior Population (Ages 65 and up): 4,305,277 (15% of total population)Average Home Value: $19...
Tags: Texas, Featured, Finance, US, Austin, Hud, Illinois, Norman, Products, San Antonio, Hipp, NRMLA, Home Equity Conversion Mortgage, Scott Norman, Melinda Hipp, Meredith Landry


HUD v. Facebook: A dagger to the consumer internet

Last week, the US Department of Housing and Urban Development took Facebook and the broader internet industry by surprise and storm with a remarkable allegation: that the company has engaged in discriminatory practices that engendered and perpetuated bias against marginalized classes of the American population -- such as non-Christians, immigrants, and minorities -- by displaying housing ads only to selected audience segments in unfair ways.
Tags: Facebook, News, Stories, Hud, US Department of Housing and Urban Development


HUD v. FB: A dagger to the consumer internet

Last week, the US Department of Housing and Urban Development took Facebook and the broader internet industry by surprise and storm with a remarkable allegation: that the company has engaged in discriminatory practices that engendered and perpetuated bias against marginalized classes of the American population -- such as non-Christians, immigrants, and minorities -- by displaying housing ads only to selected audience segments in unfair ways.
Tags: Facebook, News, Stories, Hud, US Department of Housing and Urban Development


HUD's new lawsuit against Facebook is a dagger at the heart of the consumer internet

Dipayan Ghosh and Josh Geltzer write, "HUD's charge takes direct aim at Facebook's fundamental business model: the company's digital advertising management platform and the algorithms underlying it, which collectively enable commercial entities to splice and select the demographic audience segments they wish to target with ads based on race, gender, and politics, among other factors."
Tags: Facebook, Cnn, Hud, Josh Geltzer, Dipayan Ghosh


HUD's lawsuit against Facebook is a dagger at the heart of the consumer internet

Last week, the US Department of Housing and Urban Development took Facebook and the broader internet industry by surprise and storm with a remarkable allegation: that the company has engaged in discriminatory practices that engendered and perpetuated bias against marginalized classes of the American population -- such as non-Christians, immigrants, and minorities -- by displaying housing ads only to selected audience segments in unfair ways.
Tags: Facebook, News, Stories, Hud, US Department of Housing and Urban Development


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


Bipartisan Disapproval Over Trump Administration's Housing Program Cuts

Lawmakers told HUD Secretary Ben Carson Wednesday they're very unlikely to support the administration's budget plan to cut billions of dollars from housing and development programs.(Image credit: Alex Wong/Getty Images)
Tags: News, Hud, Ben Carson, Bipartisan Disapproval Over Trump Administration


Fox Business: What Seniors Should Know Before Taking a Reverse Mortgage

Citing a 2015 study by the Consumer Financial Protection Bureau that revealed consumers’ lack of understanding about reverse mortgage products, a new article at Fox Business written by reporter Linda Bell aims to address what potential borrowers “need to know” about taking a reverse mortgage. “While reverse mortgages can help some older homeowners meet their financial needs, the CFPB report cautions that the loan could jeopardize seniors’ retirement security if not used carefully,” the articl...
Tags: Featured, Education, Finance, Hud, Fox Business, Mike Sullivan, Sullivan, CFPB, Consumer Financial Protection Bureau, Phoenix Ariz, Linda Bell, HECM, Take Charge America


Why FAR Sees Private Products as Key to Reverse Mortgage Future

On the front lines of sales in the reverse mortgage industry, it can be hard to predict exactly where the business will go just because it’s based on so many moving parts. Not only do salespeople have to pay attention to trends and products that come from competitors, but they also have to be quickly reactive and representative of changes that are made by the United States federal government. At the National Reverse Mortgage Lenders Association (NRMLA) Western Regional Meeting in Huntington B...
Tags: Featured, Finance, United States, Hud, HUNTINGTON BEACH Calif, FAR, Lenders, Finance of America Reverse, NRMLA, The National Reverse Mortgage Lenders Association, Sherry Apanay


HUD secretary expected to push for cuts to low-income housing benefits, programs

President Trump’s proposed budget would introduce work requirements for housing subsidies and reduce funding for rental assistance.
Tags: Hud, Trump


HUD: Reverse Mortgage Volume Falls in Q1 2019

The total volume of Home Equity Conversion Mortgages (HECM) endorsements in Q1 2019 dropped by 18.19 percent from the previous quarter to $2.48 billion, while HECM endorsement counts in FY 2019 Q1 declined 17.67 percent from last quarter to 7,388 loans. This is according to the U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) Single-Family Mutual Mortgage Insurance (MMI) Fund Programs Quarterly Report to Congress, delivered to the legislative body on...
Tags: Congress, Finance, CSR, Hud, MCA, HECM


Zillow accused of allowing housing discrimination in listings

An enterprising Twitter user noticed over the weekend that Zillow's listing portal is populated with listings that specifically mention race, including phrases like, "no blacks near me," and "I will not rent to other ethnicities other than caucasian so please do not inquire if you aint [sic] white."
Tags: Facebook, Technology, Listings, Regulations, Radio, Civil Rights, Hud, Zillow, FHA, Select, Fair Housing Act, Ed Kohler


Facebook’s ad targeting was more exclusionary than most realized

Advertisers were offered thousands of attributes to choose from to exclude based on user data collected by Facebook, including words like "foreigner."
Tags: Facebook, Marketing, Regulations, Radio, Hud, Compass, Discrimination, Targeted Advertising, Select, Fair Housing Act, MoxiWorks, Baird & Warner, Jennifer Gruber, Kim Ward Bacso, Leslie Ebersole, Mario Deniz


Here’s how Facebook’s housing ad discrimination worked

Advertisers were offered thousands of attributes to choose from to exclude based on user data collected by Facebook, including words like "foreigner."
Tags: Facebook, Marketing, Regulations, Radio, Hud, Compass, Discrimination, Targeted Advertising, Select, Fair Housing Act, MoxiWorks, Baird & Warner, Jennifer Gruber, Kim Ward Bacso, Leslie Ebersole, Mario Deniz


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Friday. Leaked emails reveal Facebook's intense internal discussion over Alex Jones' "anti-Semitic" post on Instagram. Business Insider obtained a lengthy Facebook email chain in which executives discuss Alex Jones' future on Instagram and removing an inflammatory post. UK officials massively bolstered the US campaign against Huawei, finding its equipment has "major defects". The UK's criticism comes as Huawei fights allegations that Ch...
Tags: Google, Verizon, Facebook, UK, Instagram, Microsoft, China, US, Trends, Eu, Army, Hud, Huawei, US Army, Alexa, Communist Party


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 Violated Fair Housing Act With Ad Practice, HUD Charges

The Department of Housing and Urban Development on Thursday accused Facebook of enabling and encouraging bias based on race and religion, as well as sex, by restricting who can see housing-related ads on its platforms and across the internet. HUD also has sent letters to Twitter and Google inquiring about the advertising systems for their sites and products as well, said Brian Sullivan, a department spokesman.
Tags: Google, Facebook, Twitter, Science, Hud, Brian Sullivan, Department of Housing and Urban Development


Facebook, Google, Twitter Ads Targeted by U.S. on Housing Bias

The Department of Housing and Urban Development on Thursday accused Facebook of enabling and encouraging bias based on race and religion, as well as sex, by restricting who can see housing-related ads on its platforms and across the internet. HUD also has sent letters to Twitter and Google inquiring about the advertising systems for their sites and products as well, said Brian Sullivan, a department spokesman.
Tags: Google, Facebook, Twitter, Science, Hud, Brian Sullivan, Facebook Google, Department of Housing and Urban Development


HUD wants answers about Twitter and Google ad practices

The Department of Housing and Urban Development has sent letters of inquiry to Twitter and Google about their advertising practices, according to a HUD official.
Tags: Google, Twitter, Cnn, Hud, Department of Housing and Urban Development


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


Facebook charged with housing discrimination by HUD

By MAE ANDERSON and BARBARA ORTUTAY NEW YORK — The federal government charged Facebook with high-tech housing discrimination Thursday for allegedly misusing its vaunted ability to deliver ads with surgical precision to certain groups of people and not others. The civil charges by the U.S. Department of Housing and Urban Development could cost the social network millions of dollars in penalties. But more than that, they strike at the very business model that has made Facebook so rich, and raise q...
Tags: Facebook, Europe, New York, San Francisco, Sport, Soccer, Hud, Ben Carson, Newark New Jersey, U S Department of Housing and Urban Development, Mae Anderson, MICHELLE CHAPMAN, BARBARA ORTUTAY