During a press event Tuesday, Brian Montgomery, FHA Commissioner and Assistant Secretary for Housing, spoke about his near-term priorities for FHA, including updating the organization’s technological infrastructure, filling staff vacancies, and exploring why minority homeownership rates have fallen.
Read More »The Impact of Credit Easing on Homebuyers
A new report has found that credit easing has likely impacted the default risk for certain buyers. Here’s how.
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 »Smaller Loans Could Address Housing Shortages
Click through to learn more about how small loans can be a larger source of affordable housing.
Read More »Five Star’s Ed Delgado Criticizes Senate HUD Nomination Hold
On Thursday, it was reported that U.S. Sen. Tammy Duckworth (D-Illinois) has placed a blanket hold on all nominations for vacant positions within the U.S. Department of Housing and Urban Development. Sen. Duckworth made this move after not receiving a ...
Read More »HUD’s Carson: Proud to “Move Others up the Ladder”
The 2018 Five Star Government Forum launched at the Newseum in Washington D.C. Tuesday morning with a discussion between United States Secretary of Housing and Urban Development Dr. Benjamin Carson and Five Star President and CEO Ed Delgado. Carson told ...
Read More »Reverse Mortgage Securities Market Booming—for Now
February 2018 was an excellent month for investors in reverse mortgage securities. According to New View Advisors, a financial services advisory firm located in New York, issuers of home-equity conversion mortgage-backed securities (HMBS) sold 129 pools in February, totaling $1.47 ...
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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