The investment is intended to address mortgage inflation caused by the housing shortage. Secretary of the Treasury Janet Yellen announced that $100 million in financing is now available…
Read MoreMortgage Lending
VA Calls on Mortgage Services to Extend Veteran Foreclosure Moratorium
Issues guidance to extend VA-guaranteed loans to December 31. The Department of Veterans Affairs (VA) issued a guidance to mortgage servicers advising them to extend the foreclosure moratorium…
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VA to Launch Program for Financially Distressed Veterans
The program will help 40,000 qualified veterans prevent foreclosure on mortgages. The Department of Veterans Affairs (VA) announced that it will launch a new last-resort financial program on…
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District Court Judge Blocks Updates to Federal Fair Lending Regulations
Rules that the president’s administration expanded the geographic loan requirements too far. District Judge Matthew Kacsmaryk ruled that President Biden’s administration went too far in its bank loan…
Read MoreBusiness and Banking Groups File Suit Against Updated Lending Policy
Changes to the Community Reinvestment Act expanded the geographic range. Multiple U.S. banking and business groups sued the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the…
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DOJ & CFPB Sue Texas Developer for Defrauding Latino Borrowers
The company is accused of making false statements and predatory loans in the Houston area. The Department of Justice and Consumer Financial Protection Bureau filed a lawsuit against…
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HHS Highlights New Research to Avoid Data-Based Discrimination
The director of the study says decisions must be made intentionally to “mitigate and prevent racial and ethnic bias.“ The Department of Health and Human Services (HHS) highlighted…
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HUD Releases Report on Homelessness
2022 numbers reach record levels as gains against homelessness made before the pandemic have reversed. The Department of Housing and Urban Development released a report that shows that…
Read MoreVA Extends COVID-Era Loan Forbearance Program
6,000 veterans were reportedly facing foreclosure due to the end of the pandemic program. The Department of Veterans Affairs (VA) has announced the extension of the pandemic-era program…
Read MoreCommerce Department Reports Boost in New Home Sales
Home builders work to fill the demand created by the housing shortage. The Commerce Department released its housing report last week, documenting heightened sales of newly built houses…
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