A federal appeals court recently held that mortgage servicers must comply with both the Truth in Lending Act and the Fair Debt Collection Practices Act, rejecting an argument that one cancelled out the other.
The lender, Pennsylvania-based Trident Mortgage Company, was accused of redlining majority-minority neighborhoods in the Philadelphia area and will pay over $22 million under the settlement.
Federal Housing Administration Commissioner Julia Gordon said at a conference that her agency is looking at what options it has to boost housing supply, and hopes to use manufactured housing to help close the gap.