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HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers

FHA, HUD, HWmember, Mortgage, Mortgage Servicing, Regulatory, Trump administration /

In a move that’s designed to simplify prior policy, the Federal Housing Administration (FHA) on Tuesday published a new Mortgagee Letter (ML) that targets borrower default engagement practices that were published in the waning days of the Biden administration. ML 2025-14 makes changes to final guidance first floated last summer to open up communications between […]

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HUD, USDA defend rule NAHB argues will hike housing costs

Homebuilders, HUD, Law and legal issues, REALTORS & HOMEBUILDERS, Regulation and compliance /

The Trump administration is defending new building standards that over a dozen states and a leading industry trade group say will  markedly raise housing costs. A federal judge this week scheduled a hearing which could determine the fate of the lawsuit over the adoption of energy efficiency standards a decade in the making. The Department

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HUD OIG reveals ongoing reverse mortgage oversight priority

Department of Justice, Ginnie Mae, HECM, HUD, HWmember, Regulatory, Reverse /

In compliance with a 1978 law that requires government agency watchdogs to provide semi-annual reports on their activities, the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) published its report on Tuesday. While there were no new indications of scrutiny for the Home Equity Conversion Mortgage (HECM) program, the

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‘Reject Trump HUD cuts,’ city, state leaders tell Congress

Housing markets, HUD, Politics and policy, Trump administration /

A coalition of elected officials across the country is calling on Congress to continue funding of affordable housing programs targeted for elimination by the Trump administration.  Trump’s proposed fiscal year 2026 budget calls for the cancellation of the Community Development Block Grant and Home Investment Partnerships programs, both offered through the Department of Housing and

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HUD publishes new reverse mortgage counseling guidance

Counseling, FHA, HECM, HUD, HWmember, Reverse /

Counseling is an essential part of the Home Equity Conversion Mortgage (HECM) origination process, and the U.S. Department of Housing and Urban Development (HUD) has recently refreshed some of its guidance documents for HECM counselors to offer essential information. HUD this month published a “toolkit” detailing how someone can become a HECM roster counselor. The

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HUD names new CIO as judge pauses mass firings at the agency

DOGE, HUD, HWmember, Regulatory /

Now a little more than four months into the second Trump administration, the U.S. Department of Housing and Urban Development (HUD) has appointed a new chief information officer (CIO), Eric Sidle, with experience in the electric vehicle space and with a former position at tech giant Apple, Inc. on his resume. The appointment coincides with

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Updated list of all Trump’s actions that impact housing

CFPB, Donald Trump, FHFA, Housing Market, HUD, HWmember, Politics, Regulatory /

Below is a timeline of the actions the Trump administration or Congressional Republicans have taken that impact housing since President Trump took office on Jan. 20, 2025, along with additional coverage of those topics. CFPB Tariffs HUD HUD watchdog swept up in large-scale firings of inspector general  Jan. 27 Memo mixup: Trump calls for freeze

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HUD Secretary Turner: End to fair housing rule a state win

HUD, Industry News, Politics and policy /

Department of Housing and Urban Development Secretary Scott Turner told a group of state regulators this week that his efforts to rip away federal bureaucratic red tape and shift more decision-making power to the local level will have benefits for them. Turner informed attendees at a summit hosted by the Conference of State Bank Supervisors

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Federal lands amendment draws bipartisan rebuke

Congress, House of Representatives, Housing Market, HUD, HWmember, Legislation, Montana, Nevada, Utah /

As part of broader housing initiatives, Republicans in both the Trump administration and in Congress are pursuing the sale of large swaths of federal land to potentially develop housing. But the Republican front is not completely united. Earlier this month, lawmakers in the House of Representatives’ Committee on Natural Resources saw an amendment added to

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HUD secretary tours Nevada federal land to talk housing development

Affordable housing, House of Representatives, Housing Market, HUD, HWmember, Nevada, Politics, Regulatory, Senate /

The secretaries of the U.S. departments of Housing and Urban Development (HUD) and the Interior (DOI) journeyed to southern Nevada in an effort to highlight the Trump administration’s plan to sell federal lands to private developers for the purposes of housing development. Joined by Nevada Gov. Joe Lombardo (R) and Rep. Mark Amodei (R-Nev.), HUD

HUD secretary tours Nevada federal land to talk housing development Read More »