HUD Publishes ANPR in Disparate-Impact Regulation. The Department of Housing and Urban Development published an advanced notice of proposed rulemaking in the June 20 Federal Register, seeking comments on possible changes to its 2013 disparate-impact regulation. The ANPR requests public input on whether the 2013 regulation and the supplemental 2016 Application of the Fair Housing Act’s Discriminatory Effects Standard to Insurance are consistent with the U.S. Supreme Court ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. USDA Pilot Aims to Provide Homeownership Opportunities to Native Americans. The U.S. Department of Agriculture is launching a pilot program to help more Native Americans become homeowners. USDA is collaborating with two native Community Development Financial Institutions to increase ...
The nation’s 12th largest servicer of residential loans said other options include a “business combination” or maintaining its status as a standalone entity.
In April 2018, more than 24 percent of FHA homebuyers left the closing the table with debt-to-income ratios at or above 50 percent, up from 20 percent from the same period last year.
Internet retail giant Amazon.com is exploring the idea of buying a mortgage banking franchise and making a splash in this highly cyclical business. But two huge questions loom: Will it actually happen? And if so, will Amazon disrupt the residential lending landscape the way it has brick-and-mortar retailers at the shopping mall?
Not many mortgage lenders found a way to boost production volume in the first quarter of 2018, but mid-size and smaller shops generally fared better than the industry giants, according to an Inside Mortgage Finance ranking and analysis. [Includes two data charts.]
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