MBA Sends Letter Supporting Marcia Fudge as HUD Secretary

Rep. Marcia Fudge, D-Ohio, appears before the Senate Banking Committee this morning for her confirmation hearing as HUD Secretary under the Biden Administration. Ahead of the hearing, the Mortgage Bankers Association sent a letter to the committee in support of her nomination.

HUD Announces New Leadership Appointees

Ahead of Thursday’s confirmation hearing for Rep. Marcia Fudge, D-Ohio, as HUD Secretary, HUD yesterday announced a slew of leadership appointments aimed at solidifying the Biden Administration’s footprint on the department.

Housing Starts Finish 2020 on Strong Note

Housing starts rose for the second straight month in December and finished the year at its strongest pace since 2006, HUD and the Census Bureau reported yesterday.

FHA to Permit DACA-Status Recipients to Apply for FHA-Insured Mortgages

HUD said this morning it will permit individuals classified under the “Deferred Action for Childhood Arrivals” program (DACA) with the U.S. Citizenship & Immigration Service and are legally permitted to work in the U.S. to apply for mortgages backed by FHA.

FHA to Permit DACA-Status Recipients to Apply for FHA-Insured Mortgages

HUD said yesterday it will permit individuals classified under the “Deferred Action for Childhood Arrivals” program (DACA) with the U.S. Citizenship & Immigration Service and are legally permitted to work in the U.S. to apply for mortgages backed by FHA.

Industry Briefs Dec. 23, 2020

The Federal Housing Administration announced completion of its revised and streamlined loan-level certification form required from lenders when originating a single-family mortgage intended for FHA insurance endorsement.