FHA/VA/HUD

Taking a look back at the significant milestones it has achieved, HUD continues to focus on expanding access to homeownership, supporting home retention, and addressing racial bias nationwide.

The least affordable markets were Anaheim and San Francisco, where homebuyers with the typical local income would’ve needed to spend over 80% of their pay on monthly housing costs. Detroit and Pittsburgh were the most affordable.

In a new report, HUD’s Office of Inspector General outlines the most serious management and performance issues facing the Department in fiscal year 2024.

In a letter, nearly 80 consumer, energy, housing, health, manufacturing, and environmental organizations called on the Federal Housing Finance Agency to help lower costs and make housing safer and healthier, in addition to suggesting requirements that all new homes with mortgages backed by Fannie Mae and Freddie Mac meet updated energy codes.

Attorney Jamie Juster of McCalla Raymer Leibert Pierce discusses a recent case where the borrower argued that their lender failed to comply with HUD regulations by not conducting a face-to-face meeting to discuss loss mitigation options prior to foreclosure.

Proposed changes to the 203(k) Rehabilitation Mortgage Insurance Program have been drafted to expand FHA-insured mortgage financing for the purchase or refinance of single-family homes in need of repair or rehabilitation.

Jean Lin Pao, HUD’s Director for the Office of Small and Disadvantaged Business Utilization, has been recognized for her contributions to HUD’s procurement equity efforts and work as a public servant.

A six-month pause in foreclosures will extend protections to at-risk veterans until its VA Servicing Purchase program is effective and available to provide assistance to VA borrowers in financial distress.

With factors ranging from low volumes to inflation and manpower shortages putting the squeeze on the property preservation and field services sectors, MortgagePoint speaks to the vendors, government agencies, and GSEs trying to guide this important industry through the challenges it faces.

The Biden Administration has issued a new Playbook highlighting the importance of housing as a key driver of health outcomes and providing examples of how HUD programs are working to help.