HUD

28 Jun 2024

Understanding the Role of HUD in Regulating Mortgage Lending Practices

Mortgage Application

With various regulations and guidelines to follow, it's crucial to understand the role of the U.S. Department of Housing and Urban Development (HUD) in this landscape. HUD plays a vital role in regulating mortgage lending practices to ensure fair and equitable access to housing. In this blog post, we'll delve into the functions of HUD and how they impact mortgage lending practices. What is HUD? The U.S. Department of Housing and Urban Development, commonly known as HUD, was established in 1965 to develop and execute policies on housing and urban development. HUD's mission is to create strong, sustainable, inclusive communities…

12 Jan 2015

By Mark Feder

What’s Ahead For Mortgage Rates This Week – January 12, 2015

Market Outlook

Last week's economic news was dominated by labor reports and FHA's announcement that it will lower its mortgage insurance premiums in an effort to make homes more affordable for first-time and moderate income home buyers. Mortgage rates fell last week as employment reports showed strengthening job markets. The details: FHA Lowers Mortgage Insurance Premiums HUD, the agency that oversees FHA, announced Thursday that it will lower annual mortgage insurance premiums by0.50 percent. The change is expected to become effective toward the end of January; HUD stated in its press release that a Mortgagee Letter outlining the changes will be issued…