Wells Fargo is increasing the forbearance timeframe to assist survivors with efforts to rebuild. The Environmental Protection Agency (EPA) reported that Wells Fargo has extended mortgage forebearance up…
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HUD Releases Housing Construction Best Practices Report for States and Localities
The recommendations highlight regulatory processes, land availability, and construction timelines. The Department of Housing and Urban Development (HUD) released a report outlining recommended practices for state and local…
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White House Directs Banking Industry to Review Financial Risks Linked to Immigration Status
President Trump instructs agencies to assess fraud, lending, and compliance risks involving customer identification, and financial activity. President Donald Trump issued an executive order last week directing the…
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HUD Streamlines Environmental Reviews for Multifamily Construction
Officials seek to streamline processes for building affordable multi-family homes. The Department of Housing and Urban Development (HUD) announced changes to environmental review policies for multi-family housing construction…
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HUD and USDA Rescind Home-Building Energy Requirements on Federal Loans
The agencies cited cost and supply concerns in the rescission of the prior rule tying mortgage eligibility to 2021 building standards. The U.S. Department of Housing and Urban…
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HUD Secretary Outlines Resumed Work as Government Reopens
The shutdown disrupted the department’s housing services and application processing for housing programs. Housing and Urban Development (HUD) Secretary Scott Turner responded to Congress approving the resolution to…
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Federal Jury Indicts NY Attorney General on Mortgage Fraud Charges
The state attorney general claimed a property as her second home, but allowed a relative to live there. A federal grand jury recently indicted New York Attorney General…
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Appeals Court Blocks Firing of Fed Governor Lisa Cook
Issues an emergency ruling stating the government must follow due process. The D.C. Court of Appeals issued an emergency ruling on Monday that determined President Donald Trump cannot…
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DOJ Issues Subpoenas Regarding Federal Reserve Governor
Take first steps into investigation into mortgage fraud. The Department of Justice (DOJ) has launched an investigation into allegations of mortgage fraud by Federal Reserve Governor Lisa Cook.…
Read MoreTreasury Secretary says President Considering Housing Emergency Declaration
The housing prices, as well as the mortgage rates, have contributed to high costs. Treasury Secretary said this week that President Trump is exploring how best to address…
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