The U.S. Department of Housing & Urban Development (HUD) has announced that it has reached a Conciliation Agreement with Bank of America and Fannie Mae, settling allegations that the Charlotte, N.C.-based lender and Fannie Mae violated the Fair Housing Act by denying a borrower’s application to modify her mortgage loan because she did not provide sufficient information about the nature of her disability. The woman was applying for a loan modification through the Obama Administration’s Home Affordable Modification Program (HAMP).Click to continue

The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have released the May edition of the Obama Administration's Housing Scorecard—a comprehensive report on the nation’s housing market. Data continue to show important progress across many key indicators—as the annual home price increase is the highest since the housing bubble burst in mid-2006 and purchases of new and existing homes remain strong—although officials caution that a full housing recovery will take more time.Click to continue

The U.S. Department of Housing & Urban Development (HUD) has announced that Wells Fargo Bank, the National Fair Housing Alliance, 13 private fair housing organizations and Acting Assistant Secretary Bryan Greene have reached an agreement through which Wells Fargo will invest in efforts designed to help improve housing in minority neighborhoods that have been hard hit by the foreclosure crisis.Click to continue

Some lawmakers are stating that the Federal Housing Administration (FHA) may have been lying about the size of its losses after declaring that it might need public assistance in its almost-80 year history, according to CNBC.Click to continue

The U.S. Department of Housing & Urban Development (HUD) announced that it is making available $109 million in grants to revitalize public and HUD-assisted housing and transform communities. These grants are offered through HUD’s Choice Neighborhoods Program, a redevelopment approach that provides communities with tools to revitalize hard-hit communities into vibrant, opportunity-rich neighborhoods.Click to continue

The U.S. Department of the Treasury and the U.S. Department of Housing & Urban Development (HUD) have announced an extension of the Obama Administration’s Making Home Affordable program through Dec. 31, 2015. The new deadline was determined in coordination with the Federal Housing Finance Agency (FHFA) to align with extended deadlines for the Home Affordable Refinance Program (HARP) and the Streamlined Modification Initiative for homeowners with loans owned or guaranteed by Fannie Mae and Freddie Mac.Click to continue

The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have released the April edition of the Obama Administration's Housing Scorecard—a comprehensive report on the nation’s housing market. The latest data show important progress across many key indicators—as home values continue to rise and home sales remained strong in April—although officials caution that the overall recovery remains fragile.Click to continue

U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan has announced HUD’s approval of New Jersey’s disaster recovery plan to help homeowners and businesses following Hurricane Sandy.Click to continue

Mortgage Builder Software, a provider of leading loan origination and loan servicing software systems (LOS and LSS), has seen interest and participation in its work groups grow substantially in recent months as lenders seek ways to address compliance and repurchase concerns with the U.S. Department of Housing & Urban Development (HUD), Fannie Mae and Freddie Mac. The work groups provide instruction, advice and an open forum for Mortgage Builder users to discuss critical industry issues affecting their loan origination and servicing businesses.Click to continue

The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury released the March edition of the Obama Administration's Housing Scorecard that shows important progress across many key indicators—as home prices continue to show strong annual gains and purchases of new homes and sales of existing homes sustained their upward trajectory—although officials caution that the overall recovery remains fragile.Click to continue