The Mortgage Bankers Association and several trade associations representing the Black Homeownership Collaborative sent a letter to HUD Secretary Marcia Fudge this week urging the Department to make meaningful reductions to the annual Mortgage Insurance Premium and suspend life-of-loan requirements for borrowers with FHA-insured loans.
Tag: HUD
Industry Briefs Oct. 6, 2022: HUD Allocates $28M to Fight Housing Discrimination
HUD announced $28,625,000 available to fair housing organizations across the nation working to fight housing discrimination. The funds will support a variety of activities, including fair housing education and outreach, testing and enforcement, through the Department’s Fair Housing Initiatives Program.
HUD Report Assesses ‘Limited Supply’ of Small Mortgage Lending; Issues RFI
HUD on Tuesday issued a report assessing factors that limit supply of small mortgage loans and the impact to affordable homeownership for those interested in lower-priced homes.
American Housing Survey: 2020, 2021 Benefited Homeowners, Challenged Renters
In general, 2020 and 2021 were good years for homeowners but challenging years for many renters, HUD and the Census Bureau said in the annual American Housing Survey.
HUD Requests Public Input About its Green and Resilient Retrofit Program
On Monday, HUD released a Request for Information in public inspection form to obtain input regarding its Green and Resilient Retrofit Program.
HUD Requests Public Input About its Green and Resilient Retrofit Program
On Monday, HUD released a Request for Information in public inspection form to obtain input regarding its Green and Resilient Retrofit Program.
Industry Briefs Sept. 23, 2022: CFPB Annual Report Shows End to Refi Boom, Rise in Home Purchase Loans
The Consumer Financial Protection Bureau released its annual report on residential mortgage lending activity and trends for 2021. The report shows a shift from refinance loans in 2020 to home purchase loans in 2021, with a greater share of home purchase loans going to Asian, Black and Hispanic white borrowers
August Housing Starts Rise; Drop in Permits Casts Shadow
The good news: August housing starts beat expectations, rising by more than 12 percent from July. The bad news: housing permits fell just as dramatically, lending uncertainty to an already volatile 2022 housing market.
Industry Briefs Sept. 16, 2022: HUD Announces $12.5 Million Funding Opportunity to Expand Access to Affordable Homeownership
HUD announced availability of $12.5 million through the Self-Help Homeownership Opportunity Program for eligible national and regional non-profit organizations and consortia with experience providing or facilitating self-help housing opportunities.
HUD Publishes Fiscal Year 2023 Fair Market Rents
HUD on Thursday published Fair Market Rents for fiscal year 2023.