The Federal Housing Finance Agency and HUD announced Fannie Mae, Freddie Mac and FHA will extend their single-family moratorium on foreclosures and evictions until at least August 31.
Tag: HUD
May Housing Starts Post Modest Increase
HUD and the Census Bureau yesterday reported May housing starts improved by 4.3 percent, stopping a two-month freefall in the wake of the coronavirus pandemic.
Dealmaker: Love Funding Closes $31M for Multifamily, Nursing Properties
Love Funding, Washington, D.C., closed $31.1 million for multifamily and nursing properties in Tennessee and Missouri.
Industry Briefs June 16, 2020
To help limited English proficiency borrowers who are experiencing mortgage-related difficulties due to the coronavirus national emergency, the Federal Housing Finance Agency added new translations to the Mortgage Translations website. Site visitors can now choose English, Spanish, traditional Chinese, Vietnamese, Korean, or Tagalog when accessing scripts that servicers use when discussing COVID-19 forbearance with borrowers.
MBA, Trade Groups Urge HUD to Modify FHA Forbearance Indemnification Policy
Sixteen industry trade organizations joined the Mortgage Bankers Association in a letter this week to HUD, expressing concerns with a recently announced FHA policy requiring lenders to provide 20 percent indemnification of the original loan amount for up to two years in relation to borrowers who enter into forbearance due to COVID19-related hardship after closing and prior to FHA insuring their loan.
Industry Briefs (June 11, 2020)
HUD issued a news release this month marking National Homeownership Month, recognizing the importance of homeownership and its impact upon the lives of American families, local neighborhoods and the national economy.
Industry Briefs (June 10, 2020)
HUD issued a news release this month marking National Homeownership Month, recognizing the importance of homeownership and its impact upon the lives of American families, local neighborhoods and the national economy.
Industry Briefs June 10, 2020
HUD issued a news release this month marking National Homeownership Month, recognizing the importance of homeownership and its impact upon the lives of American families, local neighborhoods and the national economy.
HUD/Census: Nearly Half of Rental Units Are in Small Multifamily Properties
Nearly half of the nation’s 48.2 million rental housing units are in properties with less than five units, HUD and the U.S. Census Bureau reported. For these small rental properties, …
Dealmaker: Walker & Dunlop Secures $54M for Multifamily
Walker & Dunlop, Bethesda, Md., secured $54.3 million for multifamily assets in Washington, D.C. and Gainesville, Ga.