The Trump administration's Justice Department was expected to be less aggressive in its pursuit of False Claims Act cases against the mortgage industry. Instead, its focus has shifted to Federal Housing Administration-insured reverse mortgages.
East Chicago, Ind., residents again are pushing for more oversight in the cleanup efforts at the U.S.S. Lead Superfund site, as plans are being circulated on the demolition of the West Calumet Housing Complex.
Fay Servicing will pay $1.15 million in borrower restitution and possible disgorgement to settle CFPB allegations that it engaged in so-called foreclosure dual tracking and failed to keep borrowers informed about loss mitigation efforts.
Pittsburgh is considering offering bigger tax breaks for developers building affordable housing or creating businesses in depressed neighborhoods, but critics say the revamped abatement programs won't do enough to address a low-income housing shortage.
New York Gov. Andrew M. Cuomo signed legislation sending $2.5 billion to the construction and preservation of affordable housing, celebrating it as the start to his $20 billion plan to combat homelessness.