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Judge green lights amended predatory lending suit against Wells Fargo

Housing Wire

A federal judge in Georgia has given the green light for an amended “predatory lending” lawsuit to proceed against Wells Fargo. Wells Fargo has been under fire numerous times in the past over discriminatory lending allegations. The lawsuit was filed under the Fair Housing Act by three counties in Georgia.

Lending 334
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The VA’s little-known program for Native American veterans

Housing Wire

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. from 2012 to 2021. The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists.

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Blend launches housing equity program

Housing Wire

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. Launched in 2012, Blend raised $300 million in January 2021, not long after it introduced a series of consumer banking tools.

Legal 390
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Homebuilders are primed for an even better 2024

Housing Wire

million housing units due to a severe lack of supply produced between 2012 and 2019. Labor shortages, lot shortages, lending issues, cost of lumber and materials as well as legal and regulatory barriers have made it difficult to deliver more homes to the American market. The pipeline Depending on the source, the U.S.

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HUD declares FHA once again backing DACA mortgages

Housing Wire

HUD said DACA recipients who are legally permitted to work in the U.S. This notification marks the first time since DACA was established in 2012 that makes clear DACA status recipients are eligible to apply provided they meet other FHA requirements.” are eligible to apply for mortgages backed by the FHA.

Mortgage 546
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Freddie Mac appoints new team to address housing equity

Housing Wire

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

Investors 523
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Freddie Mac appoints new team to address housing equality

Housing Wire

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

Investors 357