Adrianne Todman might be tapped for HUD deputy secretary position; New housing advisory council in the making; Wells Fargo settles discrimination claim.

Steve Jacobson, Fairway Independent Mortgage CEO, said it appears brokers are not thoroughly reading through the contract put forth by UWM.

Income accounts for 80% of the valuation gap between homes owned by whites and minorities, while 20% can be attributed to current or past racial bias, according to the American Enterprise Institute.

Mortgage bankers are concerned that borrowers who stay in forbearance for the entire allotted time will default on their loans.

The monetary fees that UWM threatened on loan brokers who table-fund with two top competitors have caught the attention of state regulators.

Brian Montgomery, former HUD deputy secretary, urged the Biden administration to focus on issues such as forbearance. A pandemic is not the time for “heavy-handed enforcement,” he said.

Two bills introduced in the House this week have the potential of increasing a homebuyer’s access to an FHA-insured mortgage.

During her confirmation hearing, the Ohio congresswomen faced strong criticism for her lack of experience in housing policy and past comments about Republicans.

JPMorgan Chase Bank has agreed to pay $50,000 to resolve charges that it low-balled the value of a property because of the race of the borrower.