Skip to main content

HUD Proceeds With AFFH Changes After Court Ruling

Phil Hall
Aug 22, 2018
Swiss-based bank UBS’ announcement that the Department of Justice (DOJ) was preparing a civil action related to 40 residential mortgage-backed securities (RMBS) deals from 2006 through 2007 came to fruition sooner than later

The Department of Housing and Urban Development (HUD) has announced that it will proceed with amending the Obama-era Affirmatively Furthering Fair Housing (AFFH) regulations after a U.S. District Court dismissed a lawsuit by liberal advocacy groups last week related to the Department’s suspension of a computer tool used by municipalities to measure fair housing levels.
 
“I am tremendously gratified that the Court agreed with HUD on all its legal arguments,” said HUD Secretary Ben Carson in a message to the Department’s staff. “My approach to regulations is that they should work in practice and not just in theory. Fairness is baked into our DNA. Whether it’s making sure our regulations work in the real world, or challenging discrimination where we find it, HUD stands for fairness.”
 
Last week, HUD published a notice inviting the public’s comment on amendments to the its’ AFFH regulations. HUD stressed that it sought to “offer more helpful guidance to states and local communities to effectively promote fair housing choice through the use of their federal funds.” HUD added that the public comment input is being designed to “minimize regulatory burden while more effectively aiding program participants to meet their statutory obligations,” while focusing on a process that emphasized “positive results, rather than on analysis.”
 
The Department also sought to increase housing choice, including the construction of more housing supply.

 
Published
Aug 22, 2018
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021