The mounting costs of protracted mortgage forbearance


The FHFA’s forbearance extension to September is forcing nonbank servicers to buy out more delinquent loans. It's also upended loss estimates for investors and made racial and income disparities in the mortgage market worse.



HUD should put entry-level homebuyers first, not special interest groups


The reduction currently under consideration by the Biden Administration would lead to even faster home price appreciation, especially in areas with moderate FHA presence, American Enterprise Institute’s Housing Director of Research Tobias Peter says.


Biden administration likely to cut FHA premiums despite credit risks


Though the pandemic recession has driven up the delinquency rate on Federal Housing Administration loans, the president's appointees are widely expected to reduce mortgage insurance premiums by at least 25 basis points to make home loans less expensive.


HUD nominee pledges to promote affordable housing, work with Congress


Marcia Fudge told senators that her first priority as secretary would be to assist renters and homeowners struggling financially due to the COVID-19 pandemic.


Biden calls on HUD to examine Trump-era changes to fair housing rules


The president’s executive action looks to assess the impact of the previous administration's alterations to the Affirmatively Furthering Fair Housing and Disparate Impact rules, while reinforcing Biden’s vow to eliminate discriminatory lending practices.


Biden's pick to lead HUD is Ohio Congresswoman Marcia Fudge


Fudge, who has served in the House since 2008, represents most of the majority-Black areas of Cleveland as well as part of Akron.


Biden transition teams add credit union CEO and former NCUA staffer


Bill Bynum, president and CEO of Hope Federal Credit Union, and Gail Laster, former director of the National Credit Union Administration's consumer-protection division, are working with the incoming administration.