Archive for the ‘HUD’ Category

HUD seeks help to study discrimination based on sexual orientation

Posted on February 28th, 2010, by DHW

Following through on a promise made last year to fight housing discrimination based on sexual orientation and gender, HUD is seeking help from gay communities in Chicago, New York and San Francisco. The U.S. Housing and Urban Development Department is attempting to formulate a study that can identify housing discrimination based on sexual orientation and [...]

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Press Release: HUD and CPSC Issue Guidance on Identifying Toxic Drywall

Posted on January 29th, 2010, by DHW

WASHINGTON, DC – The U.S. Department of Housing and Urban Development and the U.S. Consumer Product Safety Commission (CPSC) today issued guidance on how to identify the presence of metal corrosion, as well as other indicators of problem drywall in homes. The guidance takes into account visual signs of [...]

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New RESPA handbook now available

Posted on January 13th, 2010, by DHW

The new RESPA handbook is now available on HUD’s website. Homebuyers will find it an interesting read.
DHW asks: Do you find the new RESPA changes helpful?
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Lenders with high FHA default rates subpoenaed

Posted on January 13th, 2010, by DHW

As demand for FHA-insured loans skyrockets, and more risk is incurred by the American tax payer, HUD is investigating mortgage companies with higher than average defaults.
The following companies were served with HUD’s Office of Inspector General (OIG) subpoenas.
• First Tennessee Bank N.A., Memphis, TN
• Alethes LLC, Lakeway, TX
• Security Atlantic Mortgage Co., Edison, NJ
• Pine [...]

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Chinese drywall suit sees day in Federal court

Posted on January 6th, 2010, by DHW

If you have Chinese drywall and an FHA-insured mortgage, contact HUD at 888-297-8685 regarding special mortgage terms.
From The Miami Herald, Shannon Behnken:
“HOMESTEAD, Fla. – Jan. 5, 2010 – After months of legal wrangling, it appears one of the first lawsuits filed over faulty Chinese drywall is headed to trial in federal court.
Melissa and Jason Harrell [...]

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HUD to assist homeowners with Chinese drywall

Posted on December 29th, 2009, by DHW

Press Release – “HUD to assist homeowners facing problem drywall. Temporary relief available to make home repairs affordable for at-risk borrowers.”
DHW asks: Do you or someone you know have Chinese drywall?
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Bank of America Fail

Posted on December 13th, 2009, by DHW

Of the 760,000 homeowners to apply for a loan modification under President Obama’s mortgage relief program since March, only 31,000 have received permanent loan modifications. Bank of America was the worst performer of all the big lenders, completing only 98 loan modifications out of the 160,000 applications filed by the end of November. Even the [...]

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Interest in FHA 203K loans up

Posted on October 31st, 2009, by DHW

As more foreclosed homes in need of repair hit the market, interest in the FHA streamlined 203k rehab loan is on the rise. Buyers can finance up to $35,000 in home improvements under this program. Sellers: DesperateHouseWise.com offers some ways you can help increase inventory for 203k buyers while putting some extra dollars in your [...]

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Gays finally categorized as mammals

Posted on October 23rd, 2009, by DHW

US Government will enact new regulations aimed at curtailing housing discrimination against same-sex couples.

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