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.

April New Home Sales Reflect Growing Purchaser Confidence

After several months of brutish news, in which home builder confidence fell to an eight-year low, HUD and the Census Bureau had some good news: April new home sales rose for the first time since January.

Dealmaker: Dwight Capital Finances $45M

Dwight Capital, New York, financed $96.7 million in HUD 223(f) loans, $95.1 million in HUD 223(a)(7) loans and $35 million in bridge loans.