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HUD

By 2021, big changes for interest rates could spell trouble for borrowers

By 2021, the most popular and widely-used interest-rate benchmark, the London Interbank Offered Rate (LIBOR), will no longer exist as a benchmark for the $2 trillion in outstanding loans in the United States. In its place will most likely be the Secured Overnight Financing Rate (SOFR), which is broadly considered to be more robust and realistic than LIBOR. Nearly every borrower in the country that is paying off debt that is set based on the LIBOR will be affected by this change.

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The Washington Post: Federal judge dismisses lawsuit accusing HUD Secretary Ben Carson of dismantling Obama-era fair housing law

A federal judge on Friday threw out a lawsuit against Housing and Urban Development Secretary Ben Carson and his agency, dealing a blow to advocates challenging how the department enforces fair housing laws.

The Washington Post: Federal judge dismisses lawsuit accusing HUD Secretary Ben Carson of dismantling Obama-era fair housing law Read More »

Washington Post: HUD Secretary Ben Carson to propose raising rent for low-income Americans receiving federal housing subsidies

This proposal is part of a comprehensive effort by the Trump administration and Republicans in Congress to restrict access to the safety net and reduce the levels of assistance for those who do qualify.

Washington Post: HUD Secretary Ben Carson to propose raising rent for low-income Americans receiving federal housing subsidies Read More »

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