Government

According to Fannie Mae's Economic and Strategic Research Group, experts project the gradual tightening in credit conditions due to recent bank turmoil will contribute to a modest recession beginning in the second half of 2023. Click here to learn more.

While mortgage rates and supply constraints persist, the significant lack of housing supply remains supportive of home prices, as prices inched up 1% in Q1 2023.

The thirteenth annual Government Forum returned to the National Press Club last week, featuring a day of insights and collaboration kicked off by a keynote from Federal Housing Commissioner Julia Gordon.

To further the Biden Administration’s commitment to addressing the nation’s homelessness crisis, HUD has issued $2.8 billion in Continuum of Care Competition Awards for thousands of local homeless service and housing programs across the U.S.

The U.S. Department of Housing and Urban Development announced an available $30.3 billion for the Housing Choice Voucher Program that will help Public Housing Authorities address recent rent inflation and enable more low-income families to utilize housing vouchers.

The Senate Banking Committee will conduct a Nomination Hearing for two key roles within HUD, as both Solomon Jeffrey Greene and David Uejio take the stand before the Committee.

A new KeyBank poll found that nearly 31% of respondents did not seek out any information or resources on homebuyer assistance programs and could be unaware of the existence of these offerings and the important role banks can play in providing access to them.

The Department’s Choice Neighborhoods Implementation Grants will assist in the redevelopment of severely distressed HUD-assisted properties into mixed-income communities nationwide.

A new publication from HUD focuses on land usage and zoning to spotlight reforms that state and local governments can adopt to increase the nation’s housing inventory.

The Annual Five Star Government Forum is set for April 11 in Washington, D.C., bringing together mortgage servicing leadership and government agency reps to discuss the industry’s most pressing issues.