Government

According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number is slightly above the revised June rate but still 13% below the July 2022 rate of 1,658,000.

Attorney Geoffrey K. Milne details a recent case involving the state of Connecticut’s Emergency Mortgage Assistance Program (EMAP), a program intended to assist homeowners in avoiding foreclosure.

As the nation continues to struggle with inflation and high mortgage rates, Fannie Mae and Freddie Mac completed more than 5,100 permanent loan modifications in May, according to the latest FHFA Foreclosure Prevention and Refinance Report.

The Department has issued federal disaster relief to the state of Hawaii, with nearly 3,100 single- and multifamily residential properties with a combined reconstruction value (RCV) of $1.3 billion located within three preliminary wildfire perimeters on the island of Maui.

After more than 30 years with Fannie Mae’s Capital Markets and Single-Family Digital Products and Services divisions, Pawlowski joins MCT to provide leadership on all of the company’s tech developments.

HUD and the VA will partner on a series of “Boot Camp” workshops to address homelessness across the nation’s veteran population.

As Ginnie Mae celebrates its 55th anniversary, its mortgage-backed securities portfolio outstanding grew to $2.44 trillion in July 2023, assisting more than 57,000 first-time homebuyers achieve the American dream of homeownership.

How wildfire risks impact property values in San Diego County.

Despite those surveyed reporting job stability and personal financial improvements, Fannie Mae’s Home Purchase Sentiment Index still shows 82% of consumers reporting that it’s a “bad time to buy.”

Updates from the Department support the expanded use of solar program benefits for assisted housing residents, tying into the Biden Administration’s Inflation Reduction Act.