HUD on Monday announced it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to FHA requirements from private insurance providers.
Tag: Marcia Fudge

HUD Increase Flood Insurance Options for FHA Mortgage Holders in Special Flood Areas
HUD on Monday announced it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to FHA requirements from private insurance providers.

Biden Nominates Sandra Thompson as FHFA Director
President Joe Biden on Tuesday announced his intent to nominate Sandra Thompson as Director of the Federal Housing Finance Agency, an appointment long-supported by the Mortgage Bankers Association.

FHA Actuarial Report: Capital Ratio Grows to 8.03%; HECM Ratio Positive for First Time Since 2015
HUD on Monday released its fiscal year 2021 report to Congress on the financial health of the Federal Housing Administration Mutual Mortgage Insurance Fund, showing a nearly 2 percent increase in the fund’s capital ratio to more than 8 percent, well above its congressionally mandated minimum of 2 percent.

HUD, FHFA Heads Zero in On Housing Affordability, Appraisals
SAN DIEGO—Few people have had the kind of impact off the bat than HUD Secretary Marcia Fudge and Federal Housing Finance Agency Acting Director Sandra Thompson.

FHFA Announces Equitable Housing Finance Plans for GSEs
The Federal Housing Finance Agency announced Tuesday that Fannie Mae and Freddie Mac will submit Equitable Housing Finance Plans by the end of 2021.

Administration Announces Steps to Increase Affordable Housing Supply
The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.

FHA Establishes New, Streamlined COVID-19 Recovery Loss Mitigation Options
The Federal Housing Administration on Friday published Mortgagee Letter 2021-18, COVID-19 Recovery Loss Mitigation Options. The ML outlines assistance for homeowners who have been financially impacted by the COVID-19 pandemic to remain in their homes with new, streamlined loss mitigation options.

HUD Restores Affirmatively Furthering Fair Housing Requirement
HUD published an interim final rule on Thursday to restore implementation of the Fair Housing Act’s Affirmatively Furthering Fair Housing requirement, which was discontinued during the Trump Administration.

#MBASPRING21 HUD Secretary Fudge Talks COVID, Infrastructure, Enforcement
A little more than a month ago, Rep. Maria Fudge, D-Ohio, voted “yes” to approve the American Rescue Plan, a nearly $2 trillion initiative by the Biden Administration to support the economy. Now, as HUD Secretary, it’s her job to put key provisions of the legislation into action.