The Philadelphia Housing Authority, in a recent lawsuit, has accused Housing Secretary Alphonso Jackson of taking retaliatory action against the agency because it would not transfer, at a steep discount, a $2 million piece of public property to a friend of the secretary. Previous to the lawsuit, HUD had accused the PHA of not providing enough housing units to people with disabilities, an allegation that if confirmed, could lead to loss of federal funds for the authority. The existence of the PHA lawsuit was first reported by The Washington Post. PHA director, Carl Green, in an affidavit, said Mr. Jackson called the city's mayor, demanding that the parcel be transferred to developer Kenny Gamble, who is described by the newspaper as a "business friend" of the secretary. The PHA chief alleges that Mr. Jackson's aides at the agency followed up with "menacing" threats about the property. The Department of Housing and Urban Development would not comment on specifics but said in a statement that "this litigation will vindicate our actions to enforce our nation's fair housing laws." Besides being a real estate developer, Mr. Gamble is a songwriter who penned such Motown classics as "Love Train" and "Me and Mrs. Jones."
-
The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




