“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.
The 25% reduction of its workforce comes as it posts $478 million Q2 loss.
Blend Labs Inc. says it has cut 25% of its workforce since April as it struggles to improve its financial position following a $478 million loss in the second quarter.
Nima Ghamsari, co-founder and CEO of the San Francisco-based mortgage technology company, noted the reduct...
The temporary buydowns will lower borrowers’ interest rates by up to 2% for the first two years of a mortgage.
United Wholesale Mortgage (UWM), the leading wholesale and purchase lender in the U.S., today announced the launch of temporary rate buydowns.
Effective today, the Pontiac, Mich.-based company said in a news release, “the new offering will allow independent mortgage brokers...