The Federal Housing Administration (FHA) has announced regulations to allow mortgagors the option to purchase private flood insurance on FHA-insured mortgages for properties located in Special Flood Hazard Areas. Beginning Dec. 21, the FHA will allow mortgagors to purchase private …
Colorado is getting an additional $199 million from the federal government to help communities devastated by September’s historic floods, U.S. Housing and Urban Development Secretary Shaun Donovan announced Friday. The funds from HUD will help with housing and infrastructure repairs …
Oklahoma and the city of Moore will receive nearly $37 million in federal aid to help recover from the tornadoes and storms that killed dozens of people and caused damage estimated at more than $1 billion this spring, U.S. Housing …
Despite the McCarran-Ferguson Act, which reserved the regulation of the “business of insurance” to the states, the Department of Housing and Urban Development (HUD) has given itself the ability to upset and invalidate long-standing underwriting and ratemaking practices for homeowners’ …
The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo & Co, the latest legal volley against big banks for their lending during the housing boom. The complaint, brought by the U.S. Attorney in Manhattan, seeks …
