HUD

Mortgages auctioned off through a HUD distressed loan sale program perform worse than those unsold and are more likely to result in foreclosure, according to a new Government Accountability Office report.

The Federal Housing Administration is aiming to limit the share of borrowers who have been withdrawing money from the value of their homes.

Under a proposal yet to be officially unveiled, plaintiffs relying on the so-called “disparate impact” doctrine would have to show a more direct link between a lender’s policy and discriminatory effect.

The Department of Housing and Urban Development approved a settlement in favor of the California Reinvestment Coalition against CIT Group's OneWest Bank, which Steven Mnuchin ran before he became Treasury secretary.

Removing Federal Housing Administration-insured mortgages with natural-disaster forbearance from the agency's delinquency tracking database would give investors a less-distorted view of loan performance, according to the Community Home Lenders Association.

Eric Blankenstein, now at HUD, is under fire for asking a subordinate to defend him after it was revealed he wrote racially charged blogs 14 years earlier.

Sales of new homes rose in June by less than forecast and purchases were revised lower in the three prior months, the latest sign of weakness for the housing sector.

In an unwelcome turn for a city suffering from a homelessness crisis, federal housing officials said they have denied Los Angeles $80 million in funds, citing long-standing failures by local leaders to ensure that properties built with government money are accessible to those who use wheelchairs or have other disabilities.

The ruling deals a blow to efforts by the Department of Housing and Urban Development to restrict nonprofit housing funds from operating on a national scale.

New-home construction fell in June for a second month as a drop in apartment building outweighed a pickup in single-family projects.