Democrats in Congress Raise Concerns about Proposed Changes to Criminal Activity Certification on HUD Form
July 16, 2015
Three leading Democrats in Congress are pushing the Department of Housing and Urban Development to re-issue a request for comments regarding potential changes to the HUD-92900-A form. HUD proposed the changes in mid-May to little fanfare, though the members of Congress warn that the proposal will create a loophole giving “Wall Street banks a free pass at taxpayers’ expense.” The May proposal from HUD involves certifications on the HUD/VA Addendum to Uniform Residential Loan Application form. HUD proposed removing a loan-level requirement that FHA and Department of Veteran Affairs lenders certify that they haven’t been convicted of a violation of federal or state antitrust statutes within the past three years. In a letter sent to HUD this week, Sen. Sherrod Brown, D-OH, Sen. Elizabeth Warren, D-MA, and Rep. Maxine Waters, D-CA, said...
Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
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