Freddie Mac, McLean, Va., and Fannie Mae announced new refinancing options aimed at helping lower-income homeowners.
Tag: HUD
Industry Briefs May 3, 2021
The Consumer Financial Protection Bureau took action against Nationwide Equities Corp. for sending deceptive loan advertisements to hundreds of thousands of older borrowers.
March New Home Sales Roar
March comes in like a lion and out like a lamb, the saying goes, but it evidently doesn’t apply to new home sales.
#MBASPRING21 HUD Secretary Fudge Talks COVID, Infrastructure, Enforcement
A little more than a month ago, Rep. Marcia Fudge, D-Ohio, voted “yes” to approve the American Rescue Plan, a nearly $2 trillion initiative by the Biden Administration to support the economy. Now, as HUD Secretary, it’s her job to put key provisions of the legislation into action.
March Housing Starts Post at Highest Rate in 15 Years
Housing starts recovered from a sluggish February to its highest rate since 2006 in March, HUD and the Census Bureau reported Friday.
Industry Briefs Apr. 8, 2021
Top of Mind Networks, Atlanta, launched a bidirectional data connection between Surefire, its platform for automated mortgage marketing, and Salesforce, an enterprise CRM. The connection gives mortgage lenders choice and control over the way information is shared between their enterprise CRM and mortgage marketing technologies.
HUD: FHA Mutual Mortgage Insurance Fund Programs on Track; No Plans to Change Premiums
HUD released its quarterly report to Congress on the FHA Single-Family Mutual Mortgage Insurance Fund Programs. The report said the MMIF stands at more than $80 billion and remains well above the 2% minimum capital reserve required by Congress.
New Home Sales Take a February Hit
Historically, February has never been a big month for home sales—it’s cold, the weather is unpredictable and it’s, well, February. But during the hottest—and strangest—housing winter in memory, could this February also defy logic.
Winter Catches Up with February Housing Starts
Housing starts fell in February for the second straight month, HUD and the Census Bureau reported yesterday, with winter weather largely the culprit.
Industry Briefs Mar. 12, 2021
HUD approved a Conciliation Agreement between JPMorgan Chase Bank and a Black woman, resolving the woman’s claim that the mortgage lender, relying on an appraisal that she believed was inaccurate, valued her home at an amount lower than its actual worth because of her race.