The Department of Housing and Urban Development (HUD) announced Thursday that it is opening an investigation into the city of Boston’s housing policies, examining perceived discrimination against white residents. In a letter to Mayor Michelle Wu, Craig Trainor — HUD’s assistant secretary for fair housing and equal opportunity — said city officials had prioritized people […]
The U.S. Department of Housing and Urban Development (HUD) is reopening the public comment period for a review of federal reverse mortgage programs, the agency announced Wednesday in the Federal Register. HUD previously issued a request for information in October, seeking input on the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs.
HUD reopens reverse mortgage comment period Read More »
After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions. The trade group issued an 11-page letter to the U.S. Department of Housing and Urban Development (HUD) and
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The Mortgage Bankers Association (MBA)’s proposals to reform federal reverse mortgage programs include seven key recommendations — ranging from the creation of a new securitization option to charging insurance premiums based on the actual amount drawn. In October, the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Ginnie Mae
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House Democrats sent a letter Tuesday to the U.S. Department of Housing and Urban Development Secretary Scott Turner, asking him to rescind a recent decision that would slash funding for affordable housing programs. HUD’s Notice for Funding Opportunity for the Fiscal Year 2025 Continuum of Care Program, issued on Nov. 13, would cut support for
House Democrats urge HUD to reverse housing funds cut Read More »
The Trump administration is preparing a major overhaul of its homelessness strategy, moving away from long-term housing support and reducing funding for those programs. The plan redirects Continuum of Care program resources toward short-term shelters that tie participation to employment and substance-abuse treatment. According to a statement from the U.S. Department of Housing and Urban
HUD announces drastic changes to homelessness strategy Read More »
The Department of Housing and Urban Development has announced a December vacant-loan auction for properties secured by Home Equity Conversion mortgages. HVLS 2026-1 goes on sale on Dec. 9 and consists of first liens secured by Federal Housing Administration-backed HECMs, where borrowers and their spouses are deceased. Total unpaid balance for the pool of loans
HUD opens bidding for latest vacant-loan sale Read More »
The National Reverse Mortgage Lenders Association (NRMLA) and other trade groups issued statements of support this week as they seek to have the Senate confirm two key leaders to federal housing posts. The letters reference President Donald Trump’s nominations of Joseph Gormley as president of Ginnie Mae and Frank Cassidy as commissioner of the Federal
NRMLA backs Gormley and Cassidy for key housing roles Read More »
For Keith Robinson, co-CEO of NextHome, the surge of federal attention on the housing shortage is a positive first step — but one that must be tempered by patience and practicality. “I’m ecstatic that it’s a conversation now, because that’s the first step,” Robinson said. “It’s gone from no one talking about it to it’s
Real estate leaders praise federal housing action, stress first-time buyer help Read More »
Adobe Stock The Trump Administration’s threat to layoff federal workers if the government shutdown continued came to fruition Friday, including some housing cuts. Employees from seven departments were laid off, 442 from HUD, according to a court filing Atlanta News First obtained. In total, 4,200 employees received notices, a little over 10% of which came
HUD to lay off 400 employees amid government shutdown Read More »