To better serve areas impacted by weather-related disasters, HUD forms new office focused on disaster recovery, with an injection of $3.3 billion in funding to help communities across the country recover and rebuild.
Read More »Lessons Learned From the Triumph of Pandemic Foreclosure Prevention
During the pandemic, an estimated 3.2 million foreclosure starts were prevented, along with the completion of approximately 1.5 million foreclosures.
Read More »FDIC Taps Former Fannie Mae President Mayopoulos as CEO of SVB
Just days after closing the doors of SVB Financial Group, the FDIC names former Fannie Mae head to lead Silicon Valley Bank, a subsidiary of SVB Financial.
Read More »HUD Addresses Housing Goals in President’s 2024 Budget
With approximately $73.3 billion earmarked for HUD in 2024, the Department would make an investment in building affordable housing, expand access to homeownership, and address housing discrimination.
Read More »Fannie Mae Reportedly Postpones $500M-Plus Mortgage Bond Sale
Amid tumult in the securities market after last week’s disintegration of Silicon Valley Bank, the GSE informs investors it has postponed sale of mortgage bonds.
Read More »CFPB Reports on Illegal Fees Levied by Mortgage Servicers
The Bureau’s new Supervisory Highlights report examines ways in which some mortgage servicers have attempted to run-up unlawful fees charged to homeowners.
Read More »Dampening Demand Prevents Would-Be Home Sellers From Listing
According to a new report from Redfin, as homebuyers' monthly mortgage payments hit a record high, dampening demand is preventing many would-be sellers from listing their homes.
Read More »Biden’s 2024 Budget Addresses Affordable Housing
President Biden’s proposed fiscal year 2024 budget would significantly invest in building affordable housing, expand access to homeownership, combat housing discrimination, and enhance household mobility.
Read More »Affordability Constraints, Job Security Deterring Homebuyer Sentiment
According to a new Fannie Mae report, nationwide housing sentiment has returned to a near-survey low, as homebuyers and home sellers continue to combat inflation and occupational insecurities.
Read More »FHFA Announces Roundtable Discussions, Listening Sessions
The Federal Housing Finance Agency has announced upcoming roundtable discussions and a wrap-up listening session as part of its comprehensive review of the Federal Home Loan Bank system.
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