Skip to content
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Store » Mortgage Insurance » HUD to Look into IG Allegations of Illegal Practices in DPA Programs

HUD to Look into IG Allegations of Illegal Practices in DPA Programs

$55.00
Mortgage Insurance

Product Details

The Department of Housing and Urban Development will look into certain downpayment-assistance practices that the department’s inspector general alleged are improper or unlawful. In a recent note to FHA lenders, FHA Commissioner Ed Golding said HUD would look into any inappropriate practices, including the extent to which government-sponsored downpayment-assistance programs disclose loan terms to borrowers. In addition, HUD will investigate IG allegations of inappropriate fees or costs being charged to borrowers, as well as reports of steering and coercion of borrowers, said Golding. In the note, Golding reiterated HUD’s support for government-backed DPA programs that enable families to access credit for purchasing homes. The note also carried a statement from HUD Deputy Secretary Nina Coloretti, which reiterated the department’s support for government-backed DPA programs. Coloretti also clarified a memorandum on DPA issued by Golding back in May, which, she said, “may have been misinterpreted by some to endorse otherwise unlawful practices.” She said HUD does not endorse such practices.
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy/Terms
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
    • E-mail Newsletters
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2025 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing