Housing starts improved slightly in March, thanks to a bump in multifamily starts, HUD and the Census Bureau reported Tuesday.
Tag: HUD
Industry Briefs Apr. 18, 2022: Wells Fargo Expands Efforts to Advance Racial Equity in Homeownership
Wells Fargo, San Francisco, announced an initiative to help advance racial equity in homeownership. The company will develop a Special Purpose Credit Program to help minority homeowners, whose mortgages are currently serviced by Wells Fargo, refinance those mortgages. Initially, through the program, Wells Fargo will identify eligible Black homeowners who could benefit from a refinance product.
Industry Briefs Apr. 6, 2022: SitusAMC Launches Warehouse Administration Services
SitusAMC, New York, launched its Warehouse Administration Services, a suite of technology-enabled turnkey services to help warehouse lenders setup, execute, enhance and scale their warehouse businesses while improving efficiency and reducing costs.
Biden Administration Proposes $5.8T Fiscal 2023 Budget: Tax Hikes; Spending Increases; $72B for HUD
The Biden Administration on Monday submitted a record $5.8 trillion budge proposal for fiscal year 2023 to Congress, including a nearly $12 billion increase for HUD over fiscal 2022.
Industry Briefs Mar. 25, 2022: CFPB Targets ‘Unfair Discrimination’ in Consumer Finance
The Consumer Financial Protection Bureau announced changes to its supervisory operations it says will better protect families and communities from illegal discrimination, including in situations where fair lending laws may not apply.
Supply Chain Restraints Hamstring February New Home Sales
February new home sales fell by 2 percent from January as home builders continued to face supply chain bottlenecks, HUD and the Census Bureau reported Wednesday.
Housing Starts Give Spring Home Buying Season Early Momentum
These days, is there really a spring home buying season? Especially when every month feels like buyers are knocking down every available door? Even, so, the New Residential Construction report from HUD and the Census Bureau portends what could be an even busier period for the housing market.
Servicing22: How the Pandemic Made Government Loan Programs More Nimble
ORLANDO—Perhaps the most innovative adaption in the real estate finance industry during the coronavirus pandemic came not from the mortgage industry itself, but from the historically least agile sector—government loan programs.
January New Home Sales Down 4.5%
January new home sales fell by 4.5% amid supply chain and inventory shortages, HUD and the Census Bureau reported Thursday.
January Housing Starts Down 4.1%
Housing starts stumbled out the gate in January amid ongoing supply chain issues and labor shortages, HUD and the Census Bureau reported Thursday.