By KIMBERLEY HAAS Officials at the U.S. Department of Justice continue to assert that Rocket Mortgage participated in housing discrimination by relying on a biased appraisal as the lender pushes the government to address potential conflicts between regulations and enforcement actions. In December, lawyers for Rocket moved to dismiss a DOJ lawsuit alleging that the lender,…
By KIMBERLEY HAAS Federal housing officials have pledged to support people affected by the wildfires on the Hawaiian island of Maui as the state’s governor warns developers to stay away. Officials from Ginnie Mae, the Federal Housing Administration, the Federal Housing Finance Agency, the United States Department of Agriculture, and the United States Department of…
By KIMBERLEY HAAS Officials at the Federal Housing Finance Agency say racial and ethnic valuation gaps in home appraisals are being reduced in a majority of states. According to a blog published Tuesday, “Although an appraisal valuation gap continues to exist between white and minority population tracts, data indicate a reduced gap following actions by…
By NICOLE MURRAY There have been 1.3 million cases where loss mitigation options have helped borrowers remain in their homes since the start of the Covid-19 pandemic, according to officials at the U.S. Department of Housing and Urban Development. A few common tools available through these home retention programs include a loan modification, forbearance agreement,…
A new independent office has been created for manufactured housing programs at the U.S. Department of Housing and Urban Development. Employees at the Office of Manufactured Housing Programs will report to Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon, according to a press release. The office was previously organized under the Office of…
By KIMBERLEY HAAS Privately-owned housing starts surpassed estimates in May, beating expectations as the housing market remains tight. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced the latest residential construction statistics on Tuesday morning. “Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000. This…
By KIMBERLEY HAAS A Virginia man who worked as an assistant inspector general for the U.S. Department of Housing and Urban Development has been sentenced to one year and one day in prison after being convicted of engaging in a scheme to steer government contracts to a personal friend. Eghbal “Eddie” Saffarinia, 63, of Front…
Officials at the U.S. Department of Housing and Urban Development have opened a portal for local government leaders to request technical assistance so housing needs are considered as part of their larger infrastructure investment plans. The Thriving Communities technical assistance program was designed to help local government leaders identify land for housing development near transportation projects,…
By KIMBERLEY HAAS Officials at the Federal Emergency Management Agency are warning survivors of Hurricane Ian they should be aware of con artists and criminals looking to take advantage of the situation. Predators may promise homeowners a disaster grant in return for payment or fill out an application for assistance without a person’s knowledge, according…
By KIMBERLEY HAAS This Labor Day weekend, some workers are wondering what happened to the American Dream of earning enough from a nine-to-five job to buy their own home — with or without the white picket fence. According to officials at the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the median…
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