The Department of Housing and Urban Development has awarded EDS Corp. a contract valued at up to $750 million to provide HUD with its information technology infrastructure.Under the contract, dubbed HITS for HUD Information Technology Systems, EDS will be responsible for furnishing personnel, hardware and software, telecommunications, facilities, and services necessary to deliver HUD's basic IT functions at more than 80 HUD offices around the country. The contract has a base period of four months followed by nine option years.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
52m ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
56m ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
4h ago