HUD

In light of the Trump administration’s plans to drastically reduce fair housing enforcement capacity at the Department of Housing and Urban Development, the Government Accountability Office signaled its intent to launch an investigation into recommendations by the Department of Government Efficiency, led by Elon Musk.  Read on »

The House Financial Services Committee’s Subcommittee on Housing and Insurance convened its inaugural session of the 119th Congress on March 4, focusing on the pressing issue of housing affordability and supply in the United States. Read on »

With the decision to terminate a 2021 interim final rule implementing key provisions of the Fair Housing Act, the U.S. Department of Housing and Urban Development (HUD) is following a similar policy path taken during the first Trump administration. HUD Secretary Scott Turner announced the agency will attempt to cut “costly red tape” by stopping enforcement of the 2021 Affirmatively Furthering Fair Housing rule, calling it a “zoning tax” imposed on localities. Read on »

The first directive issued by U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner was to halt enforcement of a 2016 rule designed to ensure equal access to HUD-funded programs and shelters for individuals in accordance with their gender identity in programs and shelters. He then announced plans to cut HUD’s staff by 50 percent, according to media reports. Read on »

The Trump administration has made a number of leadership changes and announced the creation of some new offices within existing federal agencies during its first month in power. In this Regulatory Roundup, catch up on some of the changes that have received less attention but provide valuable insight into the administration’s priorities. Read on »

The U.S. Senate voted 55-44 along party lines to confirm Scott Turner as the new secretary of the U.S. Department of Housing and Urban Development. The largest trade organization representing the mortgage industry issued a statement regarding President Donald Trump’s new cabinet member. Read on »

President Donald Trump signed an executive order implementing a regulatory freeze, directing federal agencies to halt the issuance of new regulations pending review and approval by department heads appointed by the newly installed presidential administration. Dodd Frank Update consulted two former CFPB attorneys, Richard Horn, co-managing partner at Garris Horn LLP, and David Friend, owner of Friend Mortgage Consulting, about the implications of these orders from the Trump administration. Read on »

The Senate Banking Committee voted 13-11 to advance Scott Turner’s nomination to become the new secretary of the Department of Housing and Urban Development in a party-line vote. Mortgage Bankers Association President and CEO Bob Broeksmit suggested a way the Trump administration could lower housing costs for low- to moderate-income Americans. Read on »

A new mortgagee letter posted by the Federal Housing Administration (FHA) offered lenders an opportunity to review an updated draft of its policy on “Partial Claim Document Recording and Payoff Statements” on the Office of Single-Family Housing Drafting Table and provide feedback. Read on »

A newly revealed final rule by the U.S. Department of Housing and Urban Development is intended to strengthen and modernize regulations for the HOME Investment Partnership Program, the largest federal grant program specifically for creating housing for disadvantaged households. Read on »