HUD published a Notice of Proposed Rulemaking in the Federal Register to implement the Fair Housing Act’s affirmatively furthering fair housing mandate, which directs the government to promote fair housing choice, eliminate disparities in housing and foster inclusive communities. It replaces a previous policy discontinued by the Trump Administration.
Category: News and Trends
STR: Hotel Construction Up Year-over-Year for First Time Since Late 2020
U.S. hotel construction increased slightly in December after 25 consecutive months of year-over-year declines, reported STR, Hendersonville, Tenn.
GSEs Reduce Upfront Fee for Commingled Securities; FHFA Updates GSEs’ Single-Family Pricing Framework
Fannie Mae and Freddie Mac announced a reduction in the upfront fee for commingled securities to 9.375 basis points, effective April 1; additionally, the Federal Housing Finance Agency announced updates to the government-sponsored enterprises’ single-family pricing framework, effective May 1.
Housing Starts Finish 2022 at 6-Month Low
Housing starts ended 2022 down for the second straight month to their lowest level since last July, HUD and the Census Bureau reported Thursday.
Seasonal Cooling, Cost Strains Bring Housing Market Closer to Normal
Zillow, Seattle, said the housing market continued its return to earth in December as affordability challenges kept demand in check.
Dealmaker: Northmarq Negotiates $67M for Nebraska Multifamily
Northmarq’s Omaha, Neb., office secured $67.2 million in acquisition financing for Omaha-area multifamily properties.
MISMO Introduces Loan Limit API Specification
MISMO®, the real estate finance industry standards organization, released the FIPS Code Lending Limit API Specification, which illustrates how to define an API for searching lending limits based on a property’s postal code and county name.
MBA Awards More Than $148,000 in Path to Diversity Scholarships
The Mortgage Bankers Association awarded more than $148,000 in scholarships last year to 167 women and those from historically marginalized and underrepresented groups under its Path to Diversity Scholarship Program.
Rodney Moss of LoanCare on the New Servicing Environment
Rodney Moss is Executive Vice President of Strategy and Business Development with LoanCare, Virginia Beach, Va.
Ed Austin of SingleSource Property Solutions: The State of Home Equity Lending
Ed Austin is chief operating officer of SingleSource Property Solutions, a provider of property services supporting the U.S. housing industry, where he is responsible for the company’s overall operations and growth.