Articles Tagged With: HUD

May 24, 2019

HUD Announces Minneapolis Housing Discrimination Case Settlement

Sexual harassment that occurs in the context of seeking or keeping housing is a violation of federal law. Some house hunters and renters don’t realize this. They also may miss the fact that renters, house hunters, and home owners also have recourse when they are sexually harassed in the context of finding or keeping a rental property or owning a home. The Department of Housing and Urban Development has announced a settlement in a Fair Housing case brought against David Sheets, a Minneapolis property owner. According to the HUD official site, the agency has approved an agreement “between a Minneapolis property owner and a female tenant who alleged the landlord solicited sex from her in exchange for a reduction in her rent”. The Fair Housing Act makes sexual harassment associated | more...

April 28, 2019

HUD Announces Changes To Down Payment Assistance Rules

By Bruce Reichstein

The Department of Housing and Urban Development and the FHA have issued a Mortgagee Letter announcing changes to the rules for down payment assistance. FHA loan program rules permit the borrower to get assistance with the minimum required down payment-this assistance can come in the form of gift funds from family or friends, money from employers, or even down payment assistance programs. Government entities are permitted to provide such down payment help, too. In all cases, the down payment assistance must meet FHA loan requirements. Gifts cannot be loans in disguise; there must be no expectation of repayment of a gift of down payment funds. And now, thanks to revisions to the rules governing these issues in HUD 4000.1, government entities must meet certain requirements when providing down payment funds. | more...

April 26, 2019

HUD Announces Settlement In San Diego Fair Housing Case

By Joe Wallace

April is Fair Housing Month, a time when the FHA and HUD raise awareness of Fair Housing Act issues and how violations of Fair Housing laws can make it difficult for house hunters of all kinds to find and keep a home. The month of April is not the only time when HUD publicizes its’ Fair Housing cases, but it is a time to pay more attention to these cases and their implications. The latest involves a settlement between HUD and a San Diego-based property management company that had a dispute with a rental tenant. According to a press release on the HUD official site. The Department of Housing and Urban Development announced “a fair housing agreement between a San Diego-area property management company and a family with a child | more...

April 21, 2019

HUD Awards Millions To Fight Housing Discrimination

By Bruce Reichstein

April is Fair Housing Month, a time when the Department of Housing and Urban Development wants to raise awareness about Fair Housing Act laws, remind people of their rights, and reinforce the agency’s commitment to fair housing for all. As part of that fight to end housing discrimination, the U.S. Department of Housing and Urban Development has awarded “an additional $15 million to support dozens of fair housing organizations working to confront violations of the nation’s landmark Fair Housing Act. These grants, made possible through the HUD Fair Housing Initiatives Program (FHIP), are intended to help victims of housing discrimination and to raise awareness of fair housing laws. The funds are intended to support a “wide range of fair housing enforcement, education, and outreach activities” under several categories:. Private Enforcement | more...

April 12, 2019

HUD Announces Disaster Relief For Iowa and Nebraska Storm Victims

By Joe Wallace

The Department of Housing and Urban Development recently announced disaster relief for victims of storms in Nebraska and Iowa. The agency issued press release stating it would “speed federal disaster assistance “to the State of Iowa and the State of Nebraska to offer “support to homeowners and low-income renters forced from their homes in areas affected by severe storms and flooding”. In March, there was a declaration of a major disaster area for Iowa counties including Fremont, Harrison, Mills, Monona, and Woodbury. There was also a major disaster declaration in March for Nebraska counties including Boone, Buffalo, Butler, Cass, Colfax, Custer, Dodge, Douglas, Knox, Nemaha, Richardson, Santee Indian Reservation, Sarpy, Saunders, Thurston, and Washington. These declarations allow HUD to offer FHA borrowers in the affected areas foreclosure relief in the | more...

April 1, 2019

HUD Charges Facebook With Fair Housing Act Violations

By Bruce Reichstein

The Department of Housing and Urban Development has brought charges of Fair Housing Act violations against Facebook. HUD announced it would charge Facebook “with violating the Fair Housing Act by encouraging, enabling, and causing housing discrimination through the company’s advertising platform.” HUD’s case claims that Facebook illegally restricted “who can view housing-related ads on Facebook’s platforms and across the internet” and also that the media giant “mines extensive data about its users and then uses those data to determine which of its users view housing-related ads based, in part, on these protected characteristics” according to a press release issued by HUD. There’s more; the HUD press release also mentions a HUD claim that additionally, “Facebook combines data it collects about user attributes and behavior with data it obtains about user | more...

March 28, 2019

FHA And HUD Announce Home Loan Policy Changes

By Joe Wallace

The Department of Housing and Urban Development has announced policy updates and changes that have been added to the FHA Single Family Home Loan Program Handbook, HUD 4000.1. According to an FHA/HUD press release, these are the first changes and updates to the handbook since late 2016. “With today’s update, FHA is recommitting to the industry that it will continue to maintain and enhance the SF Handbook so that it becomes a single, comprehensive source of policy guidance for lenders and other stakeholders doing single family business with FHA” according to the press release. The updates, posted March 27, 2019, include a set of “technical changes for consistency and clarity” as well as FHA home loan program policy updates. These updates affect how the lender may handle certain issues associated | more...

March 7, 2019

HUD Announces Housing Discrimination Settlement With Los Angeles County Housing Providers

By Bruce Reichstein

Housing discrimination affects home buyers at every stage of the real estate buying process including those who are in the planning stages of buying a first home and who need an apartment to live in while on the road to becoming a new home owner. HUD has announced a settlement in a Fair Housing Act discrimination case brought against the owners of a Los Angeles County company running a development in Duarte, California. In this case the complaint centers around a housing complex; according to the HUD official site, “The agreement resolves allegations that Downs, LLC and EMNA Management, Inc., the owner and manager of the development, refused to remediate mold at the property as a reasonable accommodation for a couple with disabilities and retaliated against them for asking that | more...

February 15, 2019

FHA Loan Policy Changes Regarding Income, Employment Verification

By Joe Wallace

The FHA and HUD have issued a Mortgagee Letter explaining recent policy changes that affect how borrowers will have their income and employment verified, among other issues. Mortgagee Letter 19-01, issued February 15, 2019, announces the specific inclusion of third-party vendors (TPV) for the purpose of income and employment verification. The change is needed, according to the Department of Housing and Urban Development, because FHA home loan rules in HUD 4000.1 did not previously mention third party vendors specifically. “FHA allows for electronic verifications as an option to a written Verification of Employment but makes no specific reference to TPV services. TPV provides an alternative means for verifying a Borrower’s employment, income, and assets which would eliminate the requirement for a Mortgagee to collect pay stubs, W-2s, and bank statements”. | more...

January 23, 2019

How To Qualify For An FHA Mortgage Loan With Low Credit

By Joe Wallace

Do you know how to get approved for an FHA mortgage even if you don’t have much credit history or a very high credit score? First time buyers looking for real estate in Texas, California, And Colorado may wonder how to get a foot in the door in the real estate market without a long credit history or some past financial problems on a credit record. And while these housing markets aren’t the only ones, they can be competitive; that said, you can use this advice in ANY housing market How To Prepare For A Home Loan Application To get approved for an FHA mortgage with thin credit, low credit, or bad credit, it is important to give yourself plenty of time to establish a reliable payment record. In general, | more...