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HUD Issues Proposed Rule for Affirmatively Furthering Fair Housing

The U.S. Department of Housing and Urban Development (HUD) released a proposed rule for complying with the Fair Housing Act’s requirement that HUD program participants affirmatively further fair housing. HUD currently requires local governments, states, and public housing authorities that receive...

Federal Court Refuses To Dismiss Government’s Statutory Claims against Mortgage Originators That Allegedly Defrauded HUD

A federal judge recently rejected motions to dismiss in a suit in which the U.S. government alleged that two mortgage originators and their officers defrauded the Department of Housing and Urban Development (HUD) into insuring risky mortgage loans. In its complaint, the government alleged that the...

TRID Rules Expected To Delay and Disrupt Closings

Major Change To Current Practices | Expect Delays and Bumpy Road Starting Oct. 1 I just finished yet another closing where a national lender issued the closing package and HUD approval the morning of the closing, and worse, issued a revised TIL (Truth in Lending) disclosure during the middle of the...