HUD: New Appointments Announced for the Manufactured Housing Consensus Committee
Twenty-one person committee advises HUD on manufactured housing standards of the Manufactured Housing Construction and Safety Standards. The U.S. Department of Housing and Urban Development (HUD) announced today the appointment of five new members to serve on the Manufactured Housing Consensus Committee (MHCC), a Federal Advisory Committee. These appointments maintain the MHCC at 21 members…
HUD: Summit Convenes to Address Rising Property Insurance Costs
Biden-Harris Administration assembles industry executives, government leaders, nonprofits, and academics to address rising insurance premiums and receding coverage. Today, the U.S. Department of Housing and Urban Development convened a critical summit to address sharp increases in property insurance costs and lack of available coverage impacting people across the country. “It’s become abundantly clear that the…
OCC: Acting Comptroller Discusses Trends Reshaping Banking
Acting Comptroller of the Currency Michael J. Hsu today discussed three key long-term trends that are reshaping banking in remarks at the Exchequer Club. Mr. Hsu’s written remarks in support of his appearance discussed the increasing number and size of large banks, the complexity of bank-nonbank relationships, and the rise in polarization. The Acting Comptroller…
FHFA: FHA Announces Multifamily Tenant Protections for Properties Financed by Fannie Mae and Freddie Mac
Tenant protections will be included in new multifamily loan agreements beginning in February 2025 The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the Enterprises). This announcement results from FHFA’s extensive and ongoing engagement with market participants and key stakeholders…
HUD: New Communities Accepted to Participate in the ConnectHomeUSA Initiative and Bridge the Digital Divide for HUD-Assisted Families
ConnectHomeUSA will support HUD-assisted communities by addressing the three key aspects of digital inclusion: providing affordable internet access, offering free/affordable devices, and delivering digital skills training. The U.S. Department of Housing and Urban Development (HUD) announces 97 communities that have been selected to participate in the ConnectHomeUSA (CHUSA) initiative, bringing training and technical assistance to…
HUD: Council on Foundations and HUD Announce Winners of 2024 Secretary’s Award for Public-Philanthropic Partnerships
Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (The Council) announced the winners of the 2024 Secretary’s Award for Public-Philanthropic Partnerships. The Secretary’s Award for Public-Philanthropic Partnerships recognizes excellence in partnerships that have both transformed the relationship between the public and philanthropic sectors and led to measurable benefits…
FHFA: Release of Historical VantageScore 4.0 Credit Scores Announced by the Enterprises
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) are making historical VantageScore® 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements. The historical credit scores for each Enterprise are associated with single-family loans purchased by that Enterprise from April 2013 through March 2023. This comprehensive release reflects the period for which trended consumer credit data is reliably available across the three nationwide…
HUD: FHA Program Expanded to Help Homeowners Repair Homes
The newly updated Federal Housing Administration Program will assist families looking for affordable financing to repair, purchase, or rehabilitate single-family homes. Today, the U.S. Department of Housing and Urban Development, through its Federal Housing Administration (FHA), published a newly updated set of policies for its 203(k) Rehabilitation Mortgage Insurance Program. The changes announced today will modernize…
OCC: Minority Depository Institutions Advisory Committee Renewed and Nominations Open
The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC) and is seeking nominations for its members. The MDIAC provides advice to the Comptroller of the Currency about minority depository institutions, their current condition, potential regulatory changes that may promote their health and viability,…
HUD: Tools Updated to Help Americans Buy Homes
New translations of single-family mortgage documents make mortgage information more accessible for non-English speaking borrowers Today, the U.S. Department of Housing and Urban Development (HUD), through its Federal Housing Administration (FHA), is making available translated versions of 19 single family mortgage documents used in the servicing of FHA-insured mortgages. These documents will be available in…