Tag Archives: HUD

HUD Reports Home Sales Rise 26.6 Percent (±16.6 percent)

Median Sale Price Hits $377,100 By Jeff Sorg, OnlineEd Blog (December 22, 2017) (WASHINGTON, D.C. – HUD) Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000. This is 17.5 percent (±10.4 percent) above the revised October rate of 624,000 and is 26.6 percent (±16.6 percent) above the November 2016 […]

Homelessness Increases

There were 58,000 families with children experiencing homelessness on a single night in 2017 By Jeff Sorg, OnlineEd Blog (December 7, 2017) WASHINGTON – There is a great deal of variation in the data in different parts of the country, however, and many places continue to see reductions in homelessness. Thirty (30) states and the District […]

Trump Administration Considers $6 Billion Cut to HUD

“Dependency on HUD programs could become “a way of life” for recipients” By Jeff Sorg, OnlineEd Blog (March 10, 2017) – The Trump administration has considered more than $6 billion in cuts at the Department of Housing and Urban Development, according to preliminary budget documents obtained by The Washington Post. The WP reports that the plan would squeeze […]

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FHA to Reduce Annual Insurance Premiums on Most Mortgages

FHA’s reduction in premium rates is an appropriate measure to support the path to the American dream By Jeff Sorg, OnlineEd Blog (January 13, 2017) – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro announced the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will […]

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July 2016 Housing Starts Climb 5.6% Over July 2015

New residential construction report for July 2016 By Jeff Sorg, OnlineEd Blog (August 18, 2016) – The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for July 2016: BUILDING PERMITS Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate […]

HUD Announces Decline in Veteran Homelessness by Nearly 50 Percent

Homelessness drops 17 percent from January 2015 By Jeff Sorg, OnlineEd Blog (August 2, 2016) –  The Obama administration announced the number of veterans experiencing homelessness in the United States had been cut nearly in half since 2010. The data revealed a 17 percent decrease in veteran homelessness between January 2015 and January 2016—quadruple the previous […]

HUD And First-Citizens Bank & Trust Company Resolve Fair Lending Complaint

HUD Filed Against First Citizens Bank and Trust Co. in 2011 After Conducting an Analysis of 2010 Home Mortgage Disclosure Act (HMDA) Data By Jeff Sorg, OnlineEd Blog (June 9, 2016) – The U.S. Department of Housing and Urban Development (HUD) today announced an agreement with First-Citizens Bank & Trust Company, resolving allegations that the bank denied […]

Owners and Property Managers Agree with HUD to Pay $630,000 for Discrimination Suit

HUD Announces agreement to resolve allegations that property owners used rental screening policies that prevented applicants with mental disabilities from renting By Jeff Sorg, OnlineEd Blog (May 16, 2016) – The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached a $630,000 agreement with a group of Illinois property owners and a […]

Bank Agrees to Pay $64 Million to Resolve Alleged Liability Arising from FHA-Insured Mortgage Lending

The settlement resolves allegations that M&T Bank failed to comply with certain FHA origination, underwriting and quality control requirements. By Jeff Sorg, OnlineEd Blog (May 16, 2016) – M&T Bank Corp. (M&T Bank) has agreed to pay the United States $64 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting […]

HUD Makes $37 Million Available to Fight Housing Discrimination

HUD money is available to organizations that advocate against discriminatory acts in housing By Jeff Sorg, OnlineEd Blog (May 10, 2016) – HUD has announced that it is making $37.3 million available to fight housing discrimination under HUD’s 2016 Fair Housing Initiatives Program (FHIP) Notice of Funding Availability (NOFA). This year’s three funding notices support fair […]