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Two Texas civil rights groups and the National Fair Housing Alliance are suing the Trump Administration over enforcement of the Fair Housing Act. The suit, specifically naming Secretary of Housing and Urban Development Secretary Ben Carson as Defendant , charges violations of the 1968 Fair Housing Act. While the impetus of the suit was concern over the allocation of relief funds for housing and infrastructure rebuilding to victims of Hurricane Harvey on the Gulf Coast, the plaintiffs are principally suing over Carson's January cancellation of a 2015 HUD rule known as the Affirmatively Furthering Fair Housing provision. The rule required communities receiving federal housing dollars to draft plans to end segregation in their communities based on race, income, ethnicity, or physical disability
Housing News
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Two Texas civil rights groups and the National Fair Housing Alliance are suing the Trump Administration over enforcement of the Fair Housing Act. The suit, specifically naming Secretary of Housing and Urban Development Secretary Ben Carson as Defenda... (read more)
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MBS Commentary
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Most of April had been bad for bonds. It was like the beginning of yet another storm in a series that had battered the fixed-income coastline since last September (when the tax bill was "leaked"). Just after yields crested 4-year highs ex... (read more)
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Housing News
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Five out of the six components of Fannie Mae's Home Purchase Sentiment Index (HPSI) gained ground in April, driving the index to a new all-time high . However, the sixth component showed consumers considerably less invested in it being a good time to... (read more)
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Rob Chrisman
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Psst… want a snapshot file that contains the national HMDA datasets as of April 18th, 2018 for all HMDA reporters, as modified by the Bureau to protect applicant and borrower privacy? Here you go . Versus 2016, there were 1 million fewer home ... (read more)
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Housing News
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On one hand it could be said that mortgage application volume declined last week for the third straight week. Or, one could conclude that the changes were so insignificant that they hardly matter. The Mortgage Bankers Association said its Market Comp... (read more)
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MBS Commentary
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2.95% in 10yr Treasury yields had become a bit of a battleground last week. Even in the week prior, there were two big bounces there (3 if you count Monday's 2.96%). By the end of last week, it looked like a done deal. The only ca... (read more)
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consumerfinancemonitor.com
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