HUD and the Policy and Economic Research Council, in a new study examining reporting rent payments to credit reporting agencies, said while rent payment performance can improve both credit visibility and the fraction of tenants with credit scores above 620, it also shows that many public housing tenants continue to have subprime credit scores that can limit their housing choices and their ability to obtain insurance.
Tag: HUD

Industry Briefs
OptifiNow, Buena Vista, Calif., announced Sun West Mortgage Co. launched its cloud-based CRM and marketing automation platform for wholesale, distributed retail and its Home Buyer Connect mortgage lending channels.

January Housing Starts Down, But Outlook Good
Housing starts started the year on a down note, HUD and the Census Bureau reported yesterday, but the pace remained solid, analysts said.

Dealmaker: Dwight Capital Funds $146M for Multifamily
Dwight Capital, New York, closed $145.6 million in financings in January, including two HUD 223(f) loans and a 221(d)(4) construction loan.

#MBAIMB20: Housing Finance Reform–What It Means for Independent Mortgage Banks
NEW ORLEANS—After years of debate, housing finance reform is no longer a far-off concept. And government housing agencies appear poised to be part of the transition.

December New Home Sales Down–But Up
December new home sales stumbled, falling by 0.4 percent from November, but overall 2019 results saw a solid increase in sales, HUD and the Census Bureau reported yesterday.

Commercial/Multifamily Briefs
HUD proposed a rule that would recognize additional sets of standards and model building code editions that should ensure compliance with the Fair Housing Act’s accessibility requirements when followed in designing and constructing new multifamily housing.

Housing Starts Finish Year on Strong Note
HUD and the Census Bureau gave the housing and real estate finance industry something to cheer about Friday, reporting the strongest jump in housing starts in 13 years.