HUD: New Rule Proposed to Govern the Sale of FHA Mortgage Notes
Proposed rule to establish a permanent Single Family Sale Program, including exclusive first look opportunities for prospective homeowners Today, the U.S. Department of Housing and Urban Development (HUD) is proposing a new rule to govern the sale of seriously delinquent single family mortgage loans insured by the Federal Housing Administration (FHA). These rules will help expand available…
HUD: Disaster Aid Offered to New Hampshire Storm and Flood Victims
Federal aid supports state, tribal and local recovery for April 2024 New Hampshire Storms and Flooding. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of New Hampshire and ordered Federal aid to supplement state, tribal, and local recovery efforts in the areas affected by…
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: Disaster Aid Offered to Texas Hurricane Victims
Federal aid supports state, tribal and local recovery for July 2024 Texas hurricane. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Texas and ordered Federal aid to supplement state, tribal, and local recovery efforts in the areas affected by hurricane Beryl beginning on…
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…
HUD: Disaster Aid Offered to Minnesota Storm and Flood Victims
Federal aid supports state, tribal and local recovery for June 2024 Minnesota storms and flooding. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Minnesota and ordered Federal aid to supplement state, tribal, and local recovery efforts in the areas affected by severe storms…
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…
HUD: Disaster Aid Offered to Iowa Storm and Flood Victims
Federal aid supports state, tribal and local recovery for June 2024 Iowa storms, flooding, and tornadoes. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Iowa and ordered federal assistance for state, tribal, and local recovery efforts in areas affected by severe storms, flooding,…
HUD: The Federal Housing Administration Celebrates 90 Years of Making Homeownership Possible for American Families
June 27, 2024, marks the 90th anniversary of the creation of the Federal Housing Administration under the National Housing Act Today, the Federal Housing Administration (FHA) is recognizing the 90th anniversary of its creation under the National Housing Act of 1934, which was signed by President Franklin Delano Roosevelt. HUD celebrated today’s anniversary with an event…
HUD: New FHA Loan Program Launched to Invest in Manufactured Home Communities
New program offers affordable financing for organizations to purchase or refinance and revitalize manufactured home communities to lower housing costs across the country. Today, the U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), announced the launch of its new Manufactured Home Community loan product, which will provide an FHA-insured financing option for…