HUD wants to jumpstart bank lending on low-income homes

Housing and Urban Development Secretary Ben Carson wants to get banks back in the residential mortgage lending game. One way the agency will do this is by seeking to change the way it handles the False Claims Act. HUD will now enforce Federal Housing Administration violations through “administrative” proceedings, following an agreement with the Justice Department. The move, however, could be seen as a soft approach to banks that violate federal regulations. Since the last

source https://therealdeal.com/2019/10/29/hud-wants-to-jumpstart-bank-lending-on-low-income-homes/