HUD & Fidelity Ink $1 Million Agreement; Trends in Equity, Rent, and Where People Are Buying

Posted To: Pipeline Press

I call home improvement projects 'teaching my son to swear" jobs." One group of folks not swearing are people in the residential lending industry – at least those who can handle the nearly overwhelming and overlapping myriad of rules. For me, April has included visits to Colorado, Kansas, North Carolina, Tennessee, Idaho, and Northern California. March and April were great months for many in terms of fundings, and the mood has been good, not great, as companies do their best to help their clients in spite of the palpable fear of making a mistake in a loan file. The U.S. Department of Housing and Urban Development (HUD) announced a $1 million agreement between the Fair Housing Project of North Carolina Legal Aid and North Carolina-based Fidelity Bank to resolve allegations...(read more)

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