FHA single-family production rose 22.3 percent in 2012, but another increase in the mortgage insurance premiums will likely accelerate the programs three-year decline in market share.
HUD has released its long-awaited disparate impact final rule, sending notification to the industry that housing policies and practices can be determined to be discriminatory not simply through their intent, but also by their effect.
The Department of Housing and Urban Development released its long-awaited disparate impact final rule last week, formalizing for the first time the long-held interpretation of the Fair Housing Act by HUD, which has repeatedly asserted that housing policies and practices can be determined to be discriminatory not simply through their intent, but also by their effect. As weve learned over the years, housing discrimination comes in many forms. Discrimination doesnt have to be intentional in order to have a damaging...