In line with the Biden Administration’s previously announced Housing Supply Action Plan, the FHA’s proposed rule sets forth a methodology for regularly adjusting the limits on loans that finance manufactured homes titled as personal property.
Read More »HUD Report Examines Barriers to Small-Balance Mortgages
Loan origination and servicing costs per loan have risen over time, as a new HUD study examines the impact of these factors on affordable homeownership for those interested in lower-priced homes.
Read More »HUD Grants $41M to Enhance Affordable Housing
The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $41 million for local affordable housing and community development activities that benefit people with low-incomes. The funding is being awarded through HUD’s Capacity Building ...
Read More »Servicers Brace for Rise in Foreclosure Activity
Mortgage servicers polled in a new report expect 23% of seriously delinquent mortgages to complete foreclosure over the next year, with pandemic backlog and regulatory intervention having the biggest impact on foreclosure volume.
Read More »Ginnie Mae Seeking Feedback on Manufactured Housing Program
As a means to increase the nation’s supply of affordable housing, Ginnie Mae is seeking public comment on how its Manufactured Housing Program could boost inventory.
Read More »FHFA Provides Foreclosure, Refi, REO Updates
Since entering conservatorship in 2008, Fannie Mae and Freddie Mac to date have assisted nearly 6.5 million homeowners with foreclosure prevention actions. Here’s what the GSEs’ latest data reveals.
Read More »FHA Commissioner Works Towards Affordable Housing Amid Extraordinary Conditions
In a new interview, Julia Gordon, the FHA’s newest commissioner, discusses the task of getting people into affordable housing and keeping them there, suggesting changes to FHA-backed auction sales and asking lenders for help to avoid foreclosure in times of trouble.
Read More »Celebrating 20 Years of National Homeownership Month
President Biden issues Proclamation marking June as National Homeownership Month as HUD launches “Our Way Home” initiative to boost the nation’s affordable housing supply.
Read More »HUD Offers Federal Disaster Assistance to Areas of Kansas
Heavy snow and wind gusts in March damaged thousands of homes in several Kansas counties, as President Biden issues a major disaster declaration.
Read More »Julia Gordon Sworn in as FHA Commissioner
Just over a week after conformation by the U.S. Senate, former FHFA exec sworn in by HUD Secretary Marcia L. Fudge to spearhead the FHA’s goals of expand access to safe, affordable, and sustainable housing.
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