In a letter to HUD Secretary Marcia L. Fudge, U.S. Reps. Ted W. Lieu and Brad Sherman are asking the Department to revise its policy to increase housing opportunities for homeless disabled veterans.
Read More »Senate Banking Committee Members Address Navy Federal Over Racial Lending Disparities
A group of 10 U.S. Senators have issued a letter to the heads of HUD and the CFPB calling for an examination of Navy Federal Credit Union’s practices after a report claimed the institution was more than twice as likely to deny loans for Black applicants as white applicants.
Read More »Ginnie Mae MBS Issuance Topped $404B in FY 2023
In its Annual Financial Report, Ginnie Mae highlights its financial performance and accomplishments over the past year, as it supported affordable, equitable homeownership and rental housing for tens of millions of American households.
Read More »CFPB Proposes Registry of Financial Contract Clauses
The new proposed rule would require nonbank financial companies to register their use of contract terms and fine print that seek to waive or limit consumer rights and legal protections.
Read More »VA Loans Preferred Choice of Active-Duty Servicemembers
Nine out of 10 servicemembers surveyed intend to use a VA loan to finance housing after transitioning to civilian life.
Read More »CFPB, DOJ Caution Servicers to Protect Military Borrowers
Joint letters issued to mortgage servicers and landlords will provide military families coming out of pandemic-related forbearance plans with increased protections.
Read More »Which Mortgage Loans Do Service Members Prefer?
Recent data by the CFPB shows how our veterans are financing new homes. Click through to learn what they are choosing and why.
Read More »When Vets Fall Behind on Mortgage Payments …
A new report by the CFPB gives insight into some of the most common complaints by military servicemembers. Here’s what they had to say about their dealings with mortgage lenders and servicers.
Read More »Securing Foreclosure Protections for Veterans
This past week the United States Senate passed legislation designed to help protect military servicemembers, veterans, and their families from foreclosure. Sponsored by Sen. Sheldon Whitehouse (D-Rhode Island), the legislation was included as part of the larger banking regulation bill ...
Read More »Compensation for Servicemembers Over Illegal Foreclosures Increased to $311 Million
Another $186 million in compensation will be awarded to 1,461 service members and their co-borrowers over the unlawful foreclosure of their homes as part of the Department of Justice's settlement with five of the nation's largest mortgage servicers, according to ...
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