A recent announcement revealed HUD, through the Federal Housing Administration, will allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.
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 Announces New Staff Appointments
The U.S. Department of Housing and Urban Development (HUD) has announced new roles and additions to the HUD staff. A large pool of talented and diverse individuals join HUD ready to deliver results for Americans by addressing and tackling our ...
Read More »Bipartisan MI Bill Introduced to Provide Relief to Middle-Class
Reps. Ron Kind and Vern Buchanan announce legislation to provide financial assistance to middle-class homebuyers.
Read More »Industry Veterans Urge Caution for FHA
In this exclusive op-ed, industry/government veterans Brian D. Montgomery and Keith Becker make the case that FHA should resist the urge to reduce premiums while economic uncertainties and the fate of serious delinquencies remain.
Read More »Appraisers Not Required to Fill Form 1004MC, Says Fannie
A key form that was introduced as a requirement for appraisers in 2009 was removed by Fannie Mae in its latest selling guide update.
Read More »Montgomery Confirmed: Industry Comments on New FHA Commissioner
After months of delays, Brian Montgomery’s nomination for Assistant Secretary for Housing-Federal Housing Commissioner, U.S. Department of Housing and Urban Development, has finally been approved by the Senate by a vote of 74-23. “I’m honored to have the opportunity to ...
Read More »Improving FHA Foreclosure Processes
A new brief released by the Urban Institute explores ways to improve Federal Housing Administration (FHA) foreclosure timelines and conveyance processes so as to drive down costs and make things more efficient. The brief is the third in a series ...
Read More »Puerto Rico Receives Mixed Messages From Treasury, FHA
The U.S. Treasury cut a disaster relief loan to Puerto Rico by over 50 percent this week, according to the island’s Gov. Ricardo Rossello. This relief fund of $4.7 billion was provided in October, during the aftermath of Hurricane Maria, ...
Read More »FHA Announces Expanded Mortgage Relief for Disaster Victims
The Federal Housing Administration (FHA) has provided additional relief to victims of the natural disasters that hit the nation in 2017. On Thursday, FHA announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by the ...
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