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Posted Date: Monday, September 25, 2023
The U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Veterans Affairs granted $16.1 million to assist homeless veterans in securing permanent housing.
Over 70 public housing agencies received these funds to provide HUD-Veterans Affairs Supportive Housing vouchers.
Read on for more details.
Posted Date: Monday, September 18, 2023
The Federal Housing Finance Agency is continuing in its stakeholder and public engagement related to the updated credit scoring models it is implementing for the Enterprises.
The credit score updates will improve accuracy and provide a more inclusive approach to evaluating borrowers, according to the agency.
Read on for more details.
Posted Date: Friday, September 8, 2023
In his opening statements before a hearing on the property insurance market and its impact on consumers, Sen. Sherrod Brown (D-Ohio), chair of the Senate Committee on Banking, Housing, and Urban Affairs, voiced his concerns about how the property insurance market is impacting consumers and their ability to afford and maintain their homes.
“Homeowners who have spent years making their payments are shocked to find that their insurer has raised costs, limited coverage, or won’t renew their policy at all,” Brown said. “Some insurers have abandoned entire markets – leaving consumers with fewer options that cost more and provide less coverage. And consumers are counting on their insurers now more than ever.”
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Posted Date: Friday, September 1, 2023
MISMO’S Servicing Transfer Catalog is now available for industry use, the group announced. The new tool provides industry standard templates for the required documents and information for transferring residential mortgage loan portfolios between servicers.
The organization’s new closing instructions templates and XML mapping specifications also received “candidate recommendation” status, meaning these work products have been thoroughly reviewed by a wide range of organizations and industry participants.
Read on for more details.
Posted Date: Monday, August 21, 2023
Several federal housing agencies and the Government National Mortgage Association (Ginnie Mae) came together to announce ongoing support for those struggling in the aftermath of the Maui County, Hawaii, wildfires.
“We stand in solidarity with the people of Maui and offer our deepest condolences and sympathies to those who have lost loved ones, homes, businesses, and communities to these devastating fires,” the agencies stated.
Read on for more details.
Posted Date: Monday, August 14, 2023
Over 130 lawmakers from the House and Senate signed an amici brief criticizing the funding structure of the Consumer Financial Protection Bureau, stating its enacting legislation overstepped Congress’ appropriations power.
Sens. Katie Britt (R-Ala.) and Tim Scott (R-S.C.), as well as Reps. Patrick McHenry (R-N.C.) and Andy Barr (R-Ky.) were among the signors.
Read on for more details.
Posted Date: Monday, August 7, 2023
Updates to its guidance on the treatment of financial benefits from participation in community solar energy programs should make it easier for public housing authorities and owners of properties participating in the agency’s multifamily assisted housing programs to understand and implement solar program policies, the U.S Department of Housing and Urban Development stated.
Read on for more details.
Posted Date: Monday, July 31, 2023
The U.S. Department of Housing and Urban Development (HUD) is making efforts to address the housing inventory shortage with two separate actions – one to promote new builds, and the other to support the preservation of existing properties.
HUD’s efforts to remove barriers from new housing construction is a first-of-its-kind funding opportunity.
Read on for more details.
Posted Date: Monday, July 24, 2023
The U.S. Department of Housing and Urban Development (HUD) announced four cities to receive technical assistance through its Thriving Communities Network, an interagency initiative between HUD and the Departments of Transportation, Energy, Commerce and Agriculture, as well as the General Services Administration and the Environmental Protection Agency.
The support provided will aid in transforming communities with new development, transportation improvements, and preserving affordability in high-cost areas.
Read on for more details.
Posted Date: Monday, July 17, 2023
The Consumer Financial Protection Bureau has received the date when it will defend its funding structure in front of the U.S. Supreme Court.
Justices will hear arguments as to whether Congress inappropriately delegated its appropriations authority by removing the bureau from the annual appropriations consideration and instead funding it through the Federal Reserve via budget requests.
Read on for more details.