FHA single-family production rose 22.3 percent in 2012, but another increase in the mortgage insurance premiums will likely accelerate the program’s three-year decline in market share.
HUD has released its long-awaited “disparate impact” final rule, sending notification to the industry that housing policies and practices can be determined to be discriminatory not simply through their intent, but also by their effect.
Last month’s surprise ruling in Canning v. National Labor Relations Board, in which President Barack Obama’s recess appointments to the NLRB were declared to be unconstitutional – along with the president’s renomination of CFPB Director Richard Cordray – have resurrected Congressional Republicans’ desire to scale back the CFPB.The big questions now are whether the GOP will succeed in compelling the president to make a deal, and if so, just what such a deal might look like. Within a few days of the Canning ruling (see Inside...
Steve Antonakes, most recently the associate director for supervision, enforcement and fair lending at the CFPB, has been tapped to temporarily fill the shoes of departing Deputy Director Raj Date, who has since left the agency with no publicly announced plans for his future. Date’s departure was publicly confirmed in mid-November, and after three months, the bureau has yet to find a permanent replacement, suggesting to some observers that finding a comparable successor is proving to be a challenge. Alan Kaplinsky...
The Department of Housing and Urban Development released its long-awaited “disparate impact” final rule last week, formalizing for the first time the long-held interpretation of the Fair Housing Act by HUD, which has repeatedly asserted that housing policies and practices can be determined to be discriminatory not simply through their intent, but also by their effect. “As we’ve learned over the years, housing discrimination comes in many forms. Discrimination doesn’t have to be intentional in order to have a damaging...
RSS