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 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 […]
“A safe, stable home is the foundation for opportunity in all of our lives” By Jeff Sorg, OnlineEd Blog (March 9, 2016) – HUD has announced the awarding of $1.6 billion in grants to distribute to local programs to end homelessness across the United States. “A safe, stable home is the foundation for opportunity in all of […]
Home supply at just 5.8% months By Jeff Sorg, OnlineEd Blog, July 28, 2015 WASHINGTON, D.C. – Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000 uints, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This […]
What is disparate impact? (Jeff Sorg, OnlineEd) – The Supreme Court’s recent decision on disparate impact basically means that even if the same policies are applied to all individuals as neutral and nondiscriminatory but are found to have the effect of discrimination then they are in violation of the Fair Housing Act. A neutral policy would be one that […]
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD)on May 26, 2015 announced an agreement with Associated Bank, N.A. (Associated) to resolve a disparate treatment redlining case, one of the largest redlining complaints brought by the federal government against a mortgage lender. At approximately $200 million, it is the largest settlement of this kind […]
(Jeff Sorg, OnlineEd) – Brian E. Thompson, 54, a former loan guarantee specialist for the U.S. Department of Housing and Urban Development, was sentenced today to serve 26 months in prison for a scheme in which he stole over $843,000 of government money, according to a statement released by the US Department of Justice. According […]
HUD’s 2014 Annual Homeless Assessment Report to Congress finds that there were 578,424 persons experiencing homelessness on a single night in 2014.
Funded through HUD’s Fair Housing Initiatives Program (FHIP), the US Department of Housing and Urban Development (HUD) has awarded $38.3 million to over 100 fair housing organizations and other non-profit agencies to address housing discrimination.
According to the US Department of Housing and Urban Development and the US Census Bureau, newly built, single-family homes increased 18 percent in August to a seasonally adjusted annual rate of 504,000 units in August, the highest level since 2008.