Government

A new Bureau analysis details the popularity of employer-driven debt, including the challenges workers and consumers face when they become indebted to an employer or an employer’s affiliate as a condition of employment.

“This achievement demonstrates HUD's commitment to partnering with small businesses and ensuring meaningful opportunities for the small business community to build America’s economy,” said HUD Secretary Marcia L. Fudge.

The Tribal Trust Land Homeownership Act would create statutory timelines to process mortgages involving properties located on tribal trust land.

The Biden Administration, along with HUD Secretary Marcia L. Fudge, is calling attention to the significant harm that rental housing junk fees cause to tenants and have outlined steps that the Administration is taking to curb these fees. 

The MBA reports that the share of mortgage loans in forbearance fell to 0.44% nationwide in June, with nearly 80% of that total citing pandemic-related reasons for their forbearance.

The Department has published a Request for Information asking the public how it can simplify programs and reduce burdens to increase access to its programs.

The FHFA reports that since the start of Fannie Mae and Freddie Mac conservatorship in September 2008, the GSEs have recorded 6.7 million-plus foreclosure prevention actions to date nationwide.

Secretary of the Housing and Urban Development has signed a memorandum of cooperation with their Japanese counterparts to jointly pursue innovations in housing policy, urban planning, and climate resilience.

MortgagePoint speaks with mortgage servicing execs from BOK Financial, Carrington, the NMSA, PHH Mortgage Corporation, and Servbank about the unusual times and unusual opportunities the industry faces midway through 2023.

GSE honored for fourth consecutive year in fostering diversity and inclusion in the workplace, reflecting the communities it serves.