HUD: National Healthy Homes Month Kicks Off
Theme of Connecting home, health, and You highlights how fixing hazards in homes improves residents’ health while improving access to safe, affordable healthy housing across the nation. Today, the U.S. Department of Housing and Urban Development (HUD) kicks off activities for this year’s National Healthy Homes Month (NHHM), an annual campaign highlighting the direct link…
HUD: Agency Commemorates National Homeownership Month with Launch of Housing Counseling Awareness Campaign
Secretary Fudge announces June 10 House Party 2.0: “Make Home the Goal” on the National Mall “Let’s Make Home the Goal” campaign highlights the benefits of housing counseling and supports efforts to close the racial homeownership gap As declared by President Biden’s Presidential Proclamation, the month of June is commemorated as National Homeownership Month. The U.S….
CFPB: Billions of Dollars Stored on Popular Payment Apps May Lack Federal Deposit Insurance
Agency issues notice to consumers advising them to transfer balances to insured banks and credit unions The Consumer Financial Protection Bureau (CFPB) published an issue spotlight on digital payment apps heavily used by consumers and businesses. The analysis finds that funds stored on these apps may not be safe in the event of financial distress,…
Agencies Request Comment on Quality Control Standards for Automated Valuation Models Proposed Rule
Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In particular, the proposed rule would implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing real estate collateral securing…
HUD: FHA Proposes Innovative Approach to Keep Struggling Homeowners in their Homes
In consideration of steeply increased interest rates, FHA seeks input on new approach to help its borrowers Today, the Federal Housing Administration (FHA) posted for feedback a proposal for a new home retention option to help struggling homeowners meet their mortgage obligations. The new option, called the Payment Supplement Partial Claim, would allow mortgage servicers to use…
FDIC: CRA Examination Schedules for Third Quarter 2023 and Fourth Quarter 2023 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2023 and fourth quarter 2023. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. …
FHFA: Agency Announces Membership in FEMA’s Mitigation Framework Leadership Group
The Federal Housing Finance Agency (FHFA) today announced its membership in the Mitigation Framework Leadership Group (MitFLG). Climate risk poses a serious threat to the U.S. housing finance system. Natural disaster events such as hurricanes, wildfires, and floods resulting from climate change present challenges for Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System…
FEMA: Public Comments Sought on Proposed Changes to Increase Funding Access & Reduce Disaster Risk for Vulnerable Communities
FEMA has published a notice in the Federal Register seeking comment on how to apply new legislation that will designate areas where communities are most at risk to natural hazards. This notice will help the agency gain better understanding in key areas to support an effective implementation of the Community Disaster Resilience Zones Act. This includes learning how…
FHFA: U.S. House Prices Rise 4.3 Percent Over the Last Year; Up 0.5 Percent from Fourth Quarter 2022
U.S. house prices rose 4.3 percent between the first quarters of 2022 and 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 0.5 percent compared to the fourth quarter of 2022. FHFA’s seasonally adjusted monthly index for March was up 0.6 percent from February. “U.S. house prices generally increased modestly in the…
FHFA: Input Requested on Multifamily Tenant Protections
Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on tenant protections at multifamily properties with mortgages backed by Fannie Mae and Freddie Mac (the Enterprises). Through their role as secondary market participants in the multifamily housing market, the Enterprises have a public mission to support the availability of safe, decent…