Industry consultants are cautioning companies to take steps to ensure their fair housing compliance teams are ready to defend an expected uptick in enforcement actions.
In particular, one clause could rankle mortgage industry participants: HUD also agreed to notify FHFA of any Fair Housing Act complaints related to counterparties of Fannie and Freddie.
Julia Gordon, the nominee for FHA commissioner, faced questions over past social media posts from Republicans and housing policy from Democrats at a hearing before the Senate Banking Committee.
Plagued with years of failed technology modernization initiatives, HUD is turning things around with an IT modernization roadmap deemed a success thus far by HUD's Inspector General.
If conformed to run HUD, Marcia Fudge plans to discuss a reduction to FHA premiums with HUD staff then have further discussions with members of Congress.