The Department of Housing and Urban Development charged Rocket Mortgage with appraisal bias in connection with a denied refinance application. loanDepot settled a similar charge with the CFPB this year.
CFPB fair lending director leaves for Fannie; HUD reaches settlement with Appraisal Foundation; CHLA sends second request to CFPB regarding abusive trigger leads; CFPB affirms TILA credit card requirements.
Borrowers’ perceptions of their home valuations are influenced by localized stressors, according to economists in HUD’s Office of Policy Development and Research.
FHA to host stakeholder meeting on new reconsideration of value requirements; former Ginnie Mae executive joins the Housing Policy Center; and more news in brief.
Sutherland Global denies all allegations by the CFPB and said it was not “directly responsible for the reverse mortgage servicing conduct that is subject of the CFPB agreement.”
The new Federal Advisory Committee on Affordable, Equitable and Sustainable Housing includes a who’s who of housing finance experts, equitable housing advocates and industry representatives.
The Treasury Department announced $100 million in affordable housing funding, while HUD named recipients of its Pathways to Removing Obstacles to Housing grant competition.