Tag Archives: HUD

Reverse mortgages have become a popular—and sometimes controversial—way for Americans to make use of the accrued equity in their homes, especially for older homeowners. The latest controversy surrounds HUD foreclosures on homes participating in the home equity conversion mortgage (HECM) ...

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 ...

On Thursday, HUD Secretary Ben Carson fired back against accusations that proposed changes to the HUD mission statement represented a rolling back of the agency's commitment to fair housing practices. Carson was responding to reports earlier in the week that HUD ...

Texas coastal communities are still rebuilding after the impact of Hurricane Harvey last year. But in addition to rebuilding what was damaged or destroyed, the affected communities must also look to the future and prepare for future storms. FEMA is ...

As the island continues its long recovery from the devastating impact of Hurricane Maria, Puerto Rico is on the cusp of a dire foreclosure epidemic. According to a December 2017 report by The New York Times, around one third of ...

Reverse mortgage numbers spiked in January 2018, clocking in a 32.5 percent month-over-month growth in endorsements over December 2017, according to the latest data from Reverse Market Insight, Inc. (RMI) That would be noteworthy in and of itself, but that ...

The Department of Housing and Urban Development announced Thursday that it was awarding more than $1.5 billion in aid to help Puerto Rico recover from the damages wrought by Hurricanes Irma and Maria last year. HUD Deputy Secretary Pamela Hughes ...

As President Trump will present his State of the Union address to the Senate this evening, what is the State of the Housing Industry? With home prices that show no signs of decreasing, changes in leadership at the Consumer Finance ...

From recent survey results to the launching of a local government and business leaders activist group—these announcements show the nation’s commitment to affordable housing.

Housing boomed in 2017. The numbers were the best in 10 years. If you’re only looking at single-family construction. The bigger picture might not be so rosy in 2018?