At a House Financial Services Committee hearing Thursday, HUD Secretary Marcia Fudge suggested the agency would consider eliminating life-of-loan premium requirements for FHA-backed mortgages.
Tag: HUD
October Housing Starts Exceed Expectations
Housing starts rose in October to a seasonally adjusted annual rate of 1.37 million, exceeding the consensus expectation of 1.35 million.
Nexval’s Souren Sarkar: Why to Transform Engagements With Distressed Borrowers, and How
Upgrading borrower communications represents a golden opportunity for lenders to harness new business channels and technologies that can make their entire operations run more efficiently.
Industry Briefs Oct. 30, 2023
Industry news from HUD, FutureWave Finance, Insellerate, Down Payment Resource and nCino.
HUD Updates Fair Market Rents; Releases $113M in Vouchers
HUD on Thursday published Fair Market Rents for Fiscal Year 2024 and released an additional $113 million in Housing Choice Vouchers to help 9,500 families to meet growing costs.
HUD Updates Fair Market Rents; Releases $113M in Vouchers
HUD on Thursday published Fair Market Rents for Fiscal Year 2024 and released an additional $113 million in Housing Choice Vouchers to help 9,500 families to meet growing costs.
New Home Sales Rise in July
New single-family home sales for July hit a seasonally adjusted annual rate of 714,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said in a release.
New Home Sales Rise in July
New single-family home sales for July hit a seasonally adjusted annual rate of 714,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said in a release.
FHA Increases Threshold for Large Multifamily Loans to Be Eligible for Standard Underwriting
The Federal Housing Administration on Wednesday increased the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. The Mortgage Bankers Association commended the move.
MBA Comments on HUD COVID-Related Loss Mitigation Report
The HUD Office of the Inspector General issued two audit reports Thursday examining the loss mitigation options that loan servicers provided to borrowers with FHA-insured loans after their COVID-19 forbearance ended.