HUD

U.S. Department of Housing and Urban Development Secretary Scott Turner announced the Federal Housing Administration will propose an across-the-board leveling of its Upfront Capitalized and Annual Mortgage Insurance Premiums to 25 basis points for all multifamily program categories as a step toward boosting affordable housing inventory. Read on »

U.S. Department of Housing and Urban Development Secretary Scott Turner announced that his agency will be relocating from Washington, D.C., to the headquarters of the National Science Foundation (NSF) in Alexandria, Va. Turner made the announcement during a press conference held at the current NSF headquarters on June 25. Read on »

The Federal Housing Administration notified the industry it is seeking comments regarding Buy Now, Pay Later loans via a request for information published in the Federal Register. Read on »

The U.S. Senate confirmed a new deputy secretary of the U.S. Department of Housing and Urban Development (HUD) with a vote of 51-43. He previously served as HUD chief of staff under former HUD Secretary Ben Carson. Read on »

The American Bankers Association wrote to the Department of Housing and Urban Development Secretary Scott Turner, urging his agency to rescind its current disparate impact rule and go back to a version introduced in 2020. Debate over the rule has been ongoing since the rule was first issued in 2013. Read on »

In an effort to roll back rules some would describe as “unnecessary, unlawful, unduly burdensome and unsound,” the Office of Management and Budget issued a request for information for interested stakeholders. The Mortgage Bankers Association responded with a list of recommended revisions and rescissions for rules spread across various agencies. Read on »

Federal banking regulators have taken steps to improve clarity surrounding digital banking activities, including crypto-assets and digitalization. Find out about some of the latest regulatory moves in this respect and more in this roundup. Read on »

Amid a variety of bills introduced this year aimed at improving affordable housing availability, the mortgage industry has signaled its support for one proposing to do something that has not been done in more than 20 years – increasing the Federal Housing Administration loan limit. Read on »

As financial technology and digital assets remain ever-growing factors in the financial services industry, trade organizations continue to increase efforts to advocate for new policies to help their members remain competitive. Read about some of the latest developments with respect to this topic and more in this roundup. Read on »

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 »