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Home | Tag Archives: HUD

Tag Archives: HUD

FHA Revises Rules Regarding Prepayments, ARMs

finances

The Federal Housing Administration (FHA) announced on August 25 the passing of two new rules – one that prohibits lenders from charging interest on FHA-insured mortgages that are paid in full and one that requires lenders to give borrowers earlier access to information regarding FHA-insured ARMs.

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Residential Construction Activity Increases

homes-building-blocks

Residential construction is on its way up, with building permit authorizations for privately owned housing units increasing by 8.1 percent from June to July and rising 7.7 percent from July 2013, according to data released on August 19 by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.

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HUD Releases National Scorecard for July

American-flag-house

The national Housing Scorecard compiled by HUD was released today, detailing a smaller number of foreclosure starts and increasing sales among existing homes in July. While the report's highlights weren't all positive, most indicators seem to be moving in the right direction. The only exception came from new home sales, which fell in June and were retroactively revised downward for the month of May.

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New Jersey Lender Settles Complaint

paying-money

New Jersey-based nationwide residential lender Freedom Mortgage Corporation agreed to pay $104,000 in a discrimination settlement with the U.S. Department of Housing and Urban Development, HUD announced on August 13.

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Government Partnership Marks Five Year Anniversary

To celebrate the five-year anniversary of the founding of the Partnership for Sustainable Communities, three government agencies released a report entitled "Five Years of Learning from Communities and Coordinating Federal Investments," which details the progress made toward improving housing, environmental protection, and transportation systems in the last five years.

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HUD: Housing Outlook Good, More to be Done

housing-blocks

U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the June edition of the Obama Administration's Housing Scorecard Thursday. It paints a picture of a housing market that is improving but still subject to ebbs and flows of the broader economy.

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Castro Confirmed as HUD Secretary

WashingtonDC

The United States Senate voted 71-26 Wednesday to confirm former San Antonio, Texas Mayor Julian Castro as the next Secretary of the Department of Housing and Urban Development. Castro replaces outgoing Secretary Shaun Donovan who is leaving to serve as the Director of the White House Office of Management and Budget.

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