It seemed like it took forever—and in political terms, seven months feels like forever—but Brian Montgomery is finally, officially, HUD Deputy Secretary.
Tag: HUD
Industry Briefs
IndiSoft, Columbia, Md., launched The Homeowner Connect to help servicers communicate effectively with borrowers who need loss mitigation help during the COVID-19 crisis.
March New Home Sales Feel Brunt of Coronavirus
The expected hit to new home sales from the coronavirus pandemic fully manifested itself in March, falling by more than 15 percent from February to its lowest level in six years, HUD and the Census Bureau reported yesterday.
‘Coronavirus Effect’ Takes Aim at March Housing Starts
The economic effects of the coronavirus pandemic showed up in March housings starts, which fell by more than 22 percent, HUD and the Census Bureau reported yesterday.
HUD Announces New CARES Act Mortgage Payment Relief Guidance
HUD announced new mortgage payment relief guidance under the CARES Act for borrowers with multifamily mortgages insured by FHA or borrowers participating in other HUD multifamily housing programs.
Joe Langner: HECMs Shield Seniors from Investment Sequence Risk in Turbulent Times
eniors are being especially hard hit by the health and economic impacts of the COVID-19 pandemic. Compounding worries of being among the population’s most vulnerable to the disease is the prospect of premature retirement portfolio depletion due to sequence of returns risk (sequence risk) in a volatile market.
MBA Offers HUD Recommendations on Improving FHA Condo Program
The Mortgage Bankers Association submitted comments to HUD this week, offering recommendations to improve the FHA Condominium Program.
Joe Langner: HECMs Shield Seniors from Investment Sequence Risk in Turbulent Times
Seniors are being especially hard hit by the health and economic impacts of the COVID-19 pandemic. However, homeowners are not entirely at the mercy of a fickle financial market. There are tools available to help retirees limit their sequence risk. One of the more effective being the Home Equity Conversion Mortgage.
House Approves $2 Trillion Stimulus Bill; Trump Signs into Law
The House on Friday approved a massive $2 trillion stimulus bill aimed at injecting a much-needed boost to a U.S. economy that has been staggered by the coronavirus pandemic.
February New Home Sales Meet Expectations, Pre-Coronavirus
February new home sales dipped a bit, HUD and the Census Bureau reported yesterday. Sales of new single-family houses came in at a seasonally adjusted annual rate of 765,000, down by 4.4 percent from the revised January rate of 800,000, but 14.3 percent higher than a year ago (669,000).