The government-sponsored enterprises and HUD yesterday announced they would extend foreclosure moratoria to all GSE-backed mortgages and FHA-backed mortgages, respectively and extend eviction moratoria through at least Dec. 31.
Tag: HUD
July New Home Sales Hit 13-Year High
Sales of new single-family houses in July posted another strong double-digit gain, jumping to their strongest pace since 2006, HUD and the Census Bureau reported yesterday.
Industry Briefs Aug. 19, 2020
Freedom Mortgage Corp., Mount Laurel, N.J., and RoundPoint Mortgage Servicing Corp., Charlotte, N.C. completed their previously announced merger. RoundPoint is now a wholly owned subsidiary of Freedom Mortgage, a full-service mortgage company and provider of VA and government-insured lending.
With Wind at Its Back, Housing Starts Continue Summer Surge
Housing starts posted double-digit increases for the second straight month, HUD and the Census Bureau reported yesterday, to its highest level since February.
Record Traffic Spurs Home Builder Index to New High
It’s been quite a year for the National Association of Home Builders/Wells Fargo Housing Market Index. In April, amid the worst of the coronavirus pandemic, the Index plunged 30 points to its lowest level since 2012. Yesterday—just four months later—the Index reached its highest point in its 35-year history.
Nineteen Associations Ask FHA To Revise Borrowers’ Student Loan Debt Treatment
The Mortgage Bankers Association and 18 other groups asked the Federal Housing Administration to revise its treatment of borrowers’ student loan debt to better align with the standards at the GSEs, VA and USDA.
Senate Confirms Dana Wade as FHA Commissioner
he Senate yesterday confirmed Dana Wade as FHA Commissioner by a 57-40 vote. The Mortgage Bankers Association strongly supported Wade’s nomination.
New Home Sales Post 2nd Consecutive Strong Monthly Increase
New home sales beat expectations again in June, HUD and the Census Bureau reported Friday, posting double-digit increases for the second straight month.
HUD Terminates Affirmatively Furthering Fair Housing Rule
The Trump Administration yesterday abruptly terminated the Obama-era Affirmatively Furthering Fair Housing rule, replacing it with a new rule that HUD Secretary Ben Carson said would ease burdens for local communities dealing with fair housing.
Housing Starts Post Healthy June Gain
July has been a good month for the housing industry thus far; HUD and the Census Bureau kept the momentum going Friday with a positive report on housing starts.