FHFA: Final Strategic Plan for FY 2018-2022 Released
The Federal Housing Finance Agency (FHFA) today released the FHFA Strategic Plan: Fiscal Years 2018-2022, which reflects the Agency’s priorities as regulator of the Federal Home Loan Banks (FHLBanks) and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). Last year FHFA requested input on the draft Agency strategic plan from Members…
HUD: Wholesale Review of Manufactured Housing Rules Announced
Public comment sought in effort to identify regulations that stifle affordable housing and job creation The U.S. Department of Housing and Urban Development (HUD) today announced a top-to-bottom review of its manufactured housing rules as part of a broader effort to identify regulations that may be ineffective, overly burdensome, or excessively costly given the critical…
FHFA: Index Shows Mortgage Rates Increased in December 2017
Nationally, interest rates on conventional purchase-money mortgages increased from November to December, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.08 percent for loans closed in late December, up 3 basis points from 4.05 percent in November….
FHFA: House Price Index Up 0.4 Percent in November 2017
U.S. house prices rose in November, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.5 percent increase in October was revised upward to 0.6 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
HUD: $37 Million in Grants Awarded to Fight Housing Discrimination
Grants will support more than 150 fair housing organizations nationwide The U.S. Department of Housing and Urban Development (HUD) announced today it is awarding $37 million to fight housing discrimination under its Fair Housing Initiatives Program (FHIP). These grants will support more than 150 national and local fair housing organizations working to confront violations of…
ABA: America’s 2 Million Bankers Encouraged to Register for ABA Foundation’s 2018 Financial Education Initiatives
ABA Foundation programs call for banker volunteers to join growing, industry-wide efforts designed to help local communities The American Bankers Association Foundation today launched its 2018 financial education registration campaign, calling on banker volunteers from across the country to register for a range of successful, industry-wide programs designed to enhance financial education in their local…
Federal Reserve: Assessing the Severity of Rent Burden on Low-Income Families
Jeff Larrimore, Board of Governors of the Federal Reserve System,1 and Jenny Schuetz, Brookings Institution Housing costs are a severe financial burden to many low-income families. The typical renter in the bottom quintile of the income distribution spends more than half of monthly income on rent and has less than $500 dollars left after paying…
FEMA: Manufactured Housing Options Fact Sheet
Temporary housing options including Manufactured Housing Units (MHUs), Travel Trailers and non-motorized Recreational Vehicles (RVs) may be available for Texans recovering from Hurricane Harvey. The use of manufactured housing units, travel trailers or non-motorized RVs are some housing solutions available for Texans after Hurricane Harvey. FEMA determines if applicants are eligible and pairs them with…