HUD Report Notes ‘Credit Invisibility’ Among Assisted Households

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.

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.

Commercial/Multifamily Briefs

HUD will launch a national bus tour this week focused on removing barriers to affordable housing.

Commercial/Multifamily Briefs

HUD will launch a national bus tour this week focused on removing barriers to affordable housing.

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.