Department of Housing and Urban Development general counsel Keith Gottfried has resigned, and he left the department Nov. 3 after serving one year as HUD's chief legal officer.It is a "loss" for lenders and real estate settlement providers who supported his efforts to provide guidance on Real Estate Settlement Procedures Act issues, according to RESPA attorney Phillip Schulman. "The fact that he won't be there to carry out that mission is a loss for participants," he said. Mr. Schulman is a partner with Kirkpatrick & Lockhart Nicholson Graham LLP in Washington. Mr. Gottfried's departure is also expected to delay HUD's RESPA reform effort to revise and improve the good-faith estimate that lenders disclose to mortgage applicants. In a letter to his HUD colleagues, Mr. Gottfried said he is "proud" to have laid the "framework for enhancing regulatory transparency and compliance assistance at HUD." Prior to joining HUD, Mr. Gottfried was general counsel at Borland Software, Scotts Valley, Calif. In the 1990s, he was an attorney with Skadden Arps in New York.
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First Mortgage Co., a long-defunct lender led by convicted executive Ron McCord, blamed the advisory firm for his failure to accept a $20 million offer.
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About two-thirds of respondents to a NewDay survey said their education about the benefit was lacking either during their time in the service or afterwards.
April 20 -
Banks are pushing back on the Consumer Financial Protection Bureau's draft of a five-year strategic plan, which includes a notable pullback from supervising nonbanks.
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Over half of all second-home inventory in the U.S. is concentrated in just eight states, with Florida leading the pack, according to analysis by NAHB.
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Certain affiliates of Blue Owl will acquire all outstanding shares of common stock of the healthcare-focused real estate investment trust for $30.38 per share.
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A new EquityProtect scorecard finds 16 states have no deed fraud laws, leaving homeowners vulnerable as real estate fraud losses topped $275 million in 2025, with seniors bearing the heaviest financial burden.
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