HUD on Monday announced it would remove temporary COVID-19 underwriting guidelines for multifamily transactions under Section 223(f) of the National Housing Act, a move commended by the Mortgage Bankers Association.
Tag: HUD
Industry Briefs Feb. 4, 2022: RMBS Non-Prime Mods Surge as Forbearances Expire
Fitch Ratings, New York, said non-prime loan modifications surged as forbearance plans expire across the sector.
New Home Sales Finish 2021 on Solid Ground, But Down for Year
New home sales rose by nearly 12 percent in December, the highest level since last March, HUD and the Census Bureau reported Wednesday. Despite the improved numbers, however, sales were off from a year ago and 2021 sales fell by more than 7 percent from 2020.
Housing Starts End Year on Positive Note
Housing starts posted a modest increase in December, HUD and the Census Bureau reported Wednesday, and jumped by nearly 16 percent from a year ago.
Milder Weather Boosts November Housing Starts
New residential construction benefited from relatively mild November weather, HUD and the Census Bureau reported Thursday.
MBA Commends HUD Guidance on Special Purpose Credit Programs
HUD on Dec. 7 released guidance clarifying special purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.
MBA, Trade Groups Urge HUD to Issue ‘Clear Roadmap’ for Servicers in LIBOR Transition
As HUD considers changes to its index for FHA-insured adjustable-rate mortgages away from LIBOR, the Mortgage Bankers Association and other industry trade groups urged the Department to issue a clear roadmap for servicers of FHA-insured ARMs, including specification of a replacement comparable index or indices for existing mortgages, as well as guidance on communications with borrowers.
October New Home Sales Up 0.4%
New home sales in October rose for the second straight month, albeit just slightly, HUD and the Census Bureau reported Wednesday.
Industry Briefs Nov. 23, 2021: Fitch Says Banks Relatively Unscathed by Pandemic
Fitch Rating, New York, said global financial institutions’ credit ratings have been affected less severely by the pandemic than by the two previous crises this century.
Housing Starts Fall 3rd Straight Month
Housing starts fell for the third straight month in October, HUD and the Census Bureau reported Wednesday, although multifamily starts picked up, as did housing permits.