According to the new 2021 American Housing Survey released by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau, in general, 2020 and 2021 were good for homeowners but presented challenges for many renters. Every ...
Read More »Hurricane Ian’s Potential Housing Impact
Despite being downgraded to a tropical storm while passing over Florida, Ian has intensified into a hurricane again as of press time, barreling towards the coast of South Carolina. Here’s what CoreLogic experts previously projected regarding potential reconstruction cost values of all homes impacted by Ian’s destructive path.
Read More »Priscilla Almodovar to Serve as Fannie Mae CEO
A financial services veteran, Almodovar brings more than 30 years of finance, real estate, and community development expertise and a strong commitment to affordable housing.
Read More »CFPB Accused of Exceeding Statutory Authority
A group of seven banks and trade groups are taking legal action in the Eastern District of Texas, challenging the Bureau’s update to the Unfair, Deceptive, or Abusive Acts or Practices Section of its exam manual, and for potentially violating the Administrative Procedure Act.
Read More »HUD Awards $5M for Repairing Low-Income Veteran’s Homes
The U.S. Department of Housing and Urban Development (HUD), in partnership with the U.S. Department of Veterans Affairs, today awarded $5 million in $1 million allotments to five non-profits in support of the Veterans Housing Rehabilitation and Modification Pilot Program ...
Read More »HUD Offers Assistance to Victims of Hurricane Fiona
In an effort to assist in the recovery after Hurricane Fiona made landfall, the Department has issued a new set of waivers offering regulatory and administrative relief to homeowners impacted in Puerto Rico.
Read More »Fannie Mae Executes Ninth Credit Insurance Risk Transfer of 2022
Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transactions of 2022. CIRTs are part of the GSEs’ ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, as CIRT 2022-7 ...
Read More »HUD Awards $1.4M for Disaster Recovery Research
Under the Fiscal Year Notice of Funding Opportunity, HUD has pledged $1.4 million to The Urban Institute and Horne, LLP to assist low-income renters and communities impacted by disasters.
Read More »CFPB Seeks to Expand Homebuyer Options
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for ...
Read More »Asian, Black, and White Hispanic Borrower’s Purchase Loan Shares Increase
The Consumer Financial Protection Bureau (CFPB) has released its annual report on residential mortgage lending activity and trends for 2021. The report’s data are submitted by thousands of the nation’s lending institutions under the Home Mortgage Disclosure Act (HMDA). The ...
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