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Opinion: Don’t let red tape strangle city development

Housing Wire

I grew up in Houston, and I’ve seen the benefits and the pitfalls of real estate development in perhaps the most lightly regulated city in the United States — a place where developers don’t fret about complex building regulations, because such regulations simply don’t exist. The results are uneven, but can be inspiring.

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Federal agencies seek input on proposed AVM credibility, integrity rule

Housing Wire

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

Valuation 397
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HUD Inspector General discusses NYC corruption investigation

Housing Wire

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG), the New York City Department of Investigations (DOI), the U.S. That is bread and butter to us at federal law enforcement agencies, and certainly for SDNY, so we jumped right in and we’ve been working the case ever since.

Law 421
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GAO highlights reverse mortgage counseling in new report

Housing Wire

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. The Financial Literacy and Education Improvement Act, signed into law by President George W. Among a series of 24 examples of federal financial literacy programs for these groups, the U.S.

Mortgage 416
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Cherokee Nation engages in HUD housing program for skilled workers

Housing Wire

Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. The HUD program is a loan program that aids organizations in recruiting skilled workers for hard-to-fill or hard-to-recruit positions,” the announcement said.

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UWM offers two SPCP for first-time homebuyers

Housing Wire

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”

Finance 370
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Colorado county creates alert system to warn of potential property fraud

Housing Wire

Pueblo County, Colorado, which encompasses an estimated population of about 170,000 people in and around the city of Pueblo, is sounding the alarm over potential fraud by creating a new alert system designed specifically to protect property owners. Department of Housing and Urban Development (HUD) Office of the Inspector General.

Law 410