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.
Tag: HUD
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).
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Coronavirus Update: HUD, FHFA Suspend Foreclosures/Evictions; MBA, Trade Groups Urge ‘Comprehensive’ Response from Congress
The Mortgage Bankers Association joined more than 100 other industry trade groups in a March 18 letter to Senate and House leaders, urging Congress to take appropriate steps to provide a coordinated and comprehensive response to businesses dealing with fallout from the coronavirus pandemic.
Coronavirus Update: HUD, FHFA Suspend Foreclosures/Evictions; MBA, Trade Groups Urge ‘Comprehensive’ Response from Congress
The Mortgage Bankers Association joined more than 100 other industry trade groups in a March 18 letter to Senate and House leaders, urging Congress to take appropriate steps to provide a coordinated and comprehensive response to businesses dealing with fallout from the coronavirus pandemic.
FHFA, HUD Suspend Foreclosures/Evictions for 60 Days
HUD and the Federal Housing Finance Agency yesterday announced they would suspend foreclosures and evictions for Fannie Mae, Freddie Mac and FHA mortgages for at least the next 60 days amid the coronavirus pandemic.
Calm Before the Storm? February Housing Starts Dip 1.5%, Pre-Coronavirus
HUD and the Census Bureau reported privately owned housing starts in February fell slightly to a seasonally adjusted annual rate of 1.599 million—a not discouraging number, analysts said, ahead of the yet-to-be-seen impact of the coronavirus pandemic.