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.
Tag: HUD
MBA Chart of the Week: Monthly Housing Cost as Percentage of Income
This week’s MBA Chart of the Week uses AHS data to show the distribution of total monthly housing costs as a percentage of income. T
MBA Chart of the Week: Monthly Housing Cost as Percentage of Income
This week’s MBA Chart of the Week uses AHS data to show the distribution of total monthly housing costs as a percentage of income. T
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.
Dealmaker: Berkadia Secures $65M for Multifamily Construction
Berkadia secured $65M in construction financing for multifamily assets in South Carolina and Montana.
November Housing Starts Rise for 3rd Straight Month
November housing starts rose for the third straight month, boosted by builder confidence and strong consumer demand, HUD and the Census Bureau reported yesterday.
MBA Statement on Marcia Fudge as HUD Secretary Nominee
President-Elect Joseph Biden this week nominated Rep. Marcia L. Fudge, D-Ohio, as HUD Secretary. If confirmed, she would be the first woman to lead HUD in more than 40 years and the second Black woman in history to lead the Department.
New Home Sales Fall for 1st Time in 6 Months–But No Worries
New home sales fell for the first time since May, HUD and the Census Bureau reported Wednesday. Even so, the news continued to be good.
Housing Starts Continue to Ramp Up
The October housing starts report from HUD and the Census Bureau shows home builders continue to respond to consumers’ seemingly insatiable demand for new housing.
New Home Sales Fall for First Time Since Spring
September new home sales fell for the first time in five months, HUD and the Census Bureau reported yesterday.