Apply Online
Schedule a Call

HUD

New View: Proprietary loans now account for 40% of reverse mortgages

HECM, HMBS, HUD, HWmember, New View Advisors, Reverse, Reverse Mortgage Daily /

Reverse mortgage lenders were already starting to diversify their offerings earlier this year through the launch or expansion of proprietary product suites. These moves have become even more important at a time when federally insured reverse mortgages aren’t being endorsed. As part of this emerging industry trend, New View Advisors recently announced that it would […]

New View: Proprietary loans now account for 40% of reverse mortgages Read More »

HUD opens bidding for latest vacant-loan sale

Affordable housing, Housing markets, HUD, Industry News /

The Department of Housing and Urban Development has announced a December vacant-loan auction for properties secured by Home Equity Conversion mortgages. HVLS 2026-1 goes on sale on Dec. 9 and consists of first liens secured by Federal Housing Administration-backed HECMs, where borrowers and their spouses are deceased.  Total unpaid balance for the pool of loans

HUD opens bidding for latest vacant-loan sale Read More »

NRMLA backs Gormley and Cassidy for key housing roles

NRMLA backs Gormley and Cassidy for key housing roles

FHA, Ginnie Mae, Government Lending, HUD, HWmember, Mortgage, NRMLA, Politics, Reverse Mortgage Daily, Senate /

The National Reverse Mortgage Lenders Association (NRMLA) and other trade groups issued statements of support this week as they seek to have the Senate confirm two key leaders to federal housing posts. The letters reference President Donald Trump’s nominations of Joseph Gormley as president of Ginnie Mae and Frank Cassidy as commissioner of the Federal

NRMLA backs Gormley and Cassidy for key housing roles Read More »

It’s time for a federal housing policy reset

Contributors, Housing Policy, HUD, HWmember, Opinion, Real Estate, Regulatory /

I’ve been involved in federal housing policy for more than 50 years, beginning my career at the U.S. Department of Housing and Urban Development (HUD) in the 1970s and later serving on the staff of the U.S. House Committee on Banking, Finance and Urban Affairs — now the Financial Services Committee — from 1983 to

It’s time for a federal housing policy reset Read More »

HUD to lay off 400 employees amid government shutdown

HUD to lay off 400 employees amid government shutdown

HUD, Layoffs, Politics and policy /

Adobe Stock The Trump Administration’s threat to layoff federal workers if the government shutdown continued came to fruition Friday, including some housing cuts. Employees from seven departments were laid off, 442 from HUD, according to a court filing Atlanta News First obtained. In total, 4,200 employees received notices, a little over 10% of which came

HUD to lay off 400 employees amid government shutdown Read More »

HUD layoffs hit 442 employees amid government shutdown

FHA, Government Lending, Government Shutdown, HUD, HWmember, Mortgage and Housing Layoffs, Politics, Trump administration /

Hundreds of employees at the U.S. Department of Housing and Urban Development (HUD) received layoff notices late last week, as the Trump administration followed through on threats to cut staff during the federal government shutdown. Around 4,200 employees across several agencies were laid off in total on Friday, according to a court filing filed with

HUD layoffs hit 442 employees amid government shutdown Read More »

Critics question HUD fair housing boss’ civil rights record

HUD, Politics and policy, Regulation and compliance /

The National Fair Housing Alliance and a top Democrat are criticizing the new leader of a federal fair housing office over his alleged troubling record regarding civil rights. Craig Trainor was confirmed Wednesday as the assistant secretary for the Office of Fair Housing and Equal Opportunity at the Department of Housing and Urban Development. Senators

Critics question HUD fair housing boss’ civil rights record Read More »

Shutdown tests lenders’ plans to keep loans moving

FHA, Government Shutdown, HUD, Originations, The VA /

With the U.S. government shutdown in effect and little progress made on an eventual reopening, mortgage lenders are busy measuring operational impacts while introducing strategies drawn on past experience to keep business flowing.  As of Wednesday, many questions remain about the full extent of the impact on support provided to lenders, with most federal services

Shutdown tests lenders’ plans to keep loans moving Read More »

HUD accused of violating Hatch Act over shutdown message

Government Shutdown, HUD, Politics and policy, Regulation and compliance /

A message on the Department of Housing and Urban Development’s website blaming “the Radical Left” for the government shutdown has prompted legal complaints and accusations of a Hatch Act violation. HUD officials Wednesday pushed back on criticism of the pop-up window and banner on their home page stating “The Radical Left in Congress shut down

HUD accused of violating Hatch Act over shutdown message Read More »

Trump administration plans deep cuts to homeless housing program

Affordable housing, Donald Trump, Homelessness, HUD, HWmember, Multifamily Housing, Politics, Real Estate, Trump administration /

The Trump administration is preparing to slash funding for permanent housing programs aimed at addressing homelessness and shifting billions toward transitional housing that requires work or service participation, according to a report from Politico. The Department of Housing and Urban Development’s (HUD) Continuum of Care program — the nation’s largest initiative to house people experiencing

Trump administration plans deep cuts to homeless housing program Read More »