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.
Tag: HUD
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.
Senate Confirms Marcia Fudge as HUD Secretary
The Senate Wednesday afternoon confirmed Marcia Fudge, the Biden Administration’s nominee as HUD Secretary, by a 66-34 vote. The Senate also approved Merrick Garland’s nomination as Attorney General.
MBA Urges Senate to Approve Marcia Fudge as HUD Secretary
The Mortgage Bankers Association sent a letter this week urging the Senate to approve Marcia Fudge, the Biden Administration’s nominee as HUD Secretary.
2021 New Home Sales Off to Solid Start
The report said sales of new single-family houses in January rose to a seasonally adjusted annual rate of 923,000, 4.3 percent higher than the revised December rate of 885,000 and 19.3 percent higher than a year ago (774,000).
Despite January Pullback, Housing Starts Remain Strong
After a terrific December, January housing starts, as expected, fell back a bit but maintained a strong pace, HUD and the Census Bureau reported yesterday.
Biden Administration Extends, Expands Forbearance/Foreclosure Relief Programs
The Biden Administration today announced a coordinated extension and expansion of forbearance and foreclosure relief programs. The programs, set to expire at the end of March, have now been extended through June 30.
Industry Briefs Feb. 16 2021
LodeStar Software Solutions announced an integration with Mortgage Coach, creator of the Total Cost Analysis Borrower Conversion Platform. This integration allows lenders of any size to include accurate closing provider fees when creating a Total Cost Analysis for borrowers.