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Home » Store » Legislation » Democrats in Congress Raise Concerns about Proposed Changes to Criminal Activity Certification on HUD Form

Democrats in Congress Raise Concerns about Proposed Changes to Criminal Activity Certification on HUD Form

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Legislation

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Three leading Democrats in Congress are pushing the Department of Housing and Urban Development to re-issue a request for comments regarding potential changes to the HUD-92900-A form. HUD proposed the changes in mid-May to little fanfare, though the members of Congress warn that the proposal will create a loophole giving “Wall Street banks a free pass at taxpayers’ expense.” The May proposal from HUD involves certifications on the HUD/VA Addendum to Uniform Residential Loan Application form. HUD proposed removing a loan-level requirement that FHA and Department of Veteran Affairs lenders certify that they haven’t been convicted of a violation of federal or state antitrust statutes within the past three years. In a letter sent to HUD this week, Sen. Sherrod Brown, D-OH, Sen. Elizabeth Warren, D-MA, and Rep. Maxine Waters, D-CA, said...
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