Regulatory
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FHA amends identifier requirement for lenders, other entities seeking government business
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The Federal Housing Administration (FHA) this week published a mortgagee letter (ML) amending a 2022 requirement for mortgage lenders, and anyone ...

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Former HUD Secretary Marcia Fudge becomes a partner at law firm Taft
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About two months after resigning as the 18th secretary of the U.S. Department of Housing and Urban Development (HUD), Marcia Fudge has joined law firm ...

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SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
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Ethereum co-founder Joseph Lubin believes the Securities and Exchange Commission (SEC) is intentionally hindering innovation which threatens the existing ...

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Nigerian officials proposed secret crypto settlement, claims Binance CEO
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New details have emerged suggesting Nigerian officials tried to coerce Binance representatives into a secret settlement paid in cryptocurrency during ...

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HUD issues Fair Housing Act guidance on AI use
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The U.S. Department of Housing and Urban Development (HUD) on Thursday announced new guidelines that aim to apply the provisions of the Fair Housing ...

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HUD adds $90M in funding to protect homes from health hazards
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The U.S. Department of Housing and Urban Development (HUD) on Thursday announced nearly $90 million in new funding opportunities to protect the homes ...

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Freddie Mac expands use of AOLs in selling guide update
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In an update to its selling guide, Freddie Mac announced Wednesday that it is expanding the use of attorney opinion letters (AOLs) in lieu of title ...

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15 million Americans still have medical bills on credit reports 
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Approximately 15 million Americans continue to grapple with medical debt on their credit reports, despite reforms implemented by Equifax, Experian and ...

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NAR clarifies details on buyer broker agreements
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As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit ...

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Reverse mortgage professionals react to H4P rule changes
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After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage ...

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Republic First Bank closes, sells to Fulton Bank 
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Pennsylvania-based Fulton Bank, National Association of Lancaster, has agreed to assume most of the deposits and assets of Republic First Bank, which ...

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Energy, consumer groups laud new federal efficiency standards for housing
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A coalition of energy- and consumer-focused trade groups lauded the release of new energy-efficiency standards for the construction of new ...

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