House Democrat Susie Lee of Nevada wants some answers about how many foreclosed homes in her state are bought by well-heeled investors from other places and how that affects the availability of affordable housing.
The U.S. Court of Appeals for the Federal Circuit affirmed a lower court decision denying a breach of contract claim against the Department of Housing and Urban Development.
The proposed rule seeks to create a permanent program governing the sale of seriously delinquent FHA-insured single-family mortgages and foreclosed home equity conversion mortgages.
The rate of foreclosures is too small to play a meaningful role in boosting housing supply, according to panelists at a recent Urban Institute conference.
The lawsuit brought by fair housing organizations focused on Fannie Mae’s maintenance and marketing of its real estate-owned properties, that is, homes acquired through foreclosure.
Trade groups criticize funding mechanisms of Biden plans to promote affordable housing and fair lending while also saying the blueprints aren’t ambitious enough.
The FHFA wants to increase the amount of cash Fannie and Freddie can invest in the low-income housing tax credit market to $850 million each from $500 million...