The Federal Housing Finance Agency (FHFA) today sent to the Federal Register for publication a final rule on the validation and approval of third-party credit score model(s) that can be used by Fannie Mae and Freddie Mac (the Enterprises). The rule implements the requirements in Section 310 of the Economic Growth, […]
The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2018 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 41,062 foreclosure prevention actions in the fourth quarter of 2018, bringing the total number of foreclosure prevention actions to 4,283,836 since September 2008. The report […]
SHOP grants enable homeownership opportunities for 539 families The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to support four non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the […]
Today, the U.S. Department of Housing and Urban Development (HUD) released its 2018 Year in Review outlining the major accomplishments of the agency under Secretary Ben Carson. “Over the past year, the Trump Administration has continued to deliver on its promise to create greater economic opportunity for low-income families and […]
The Federal Housing Finance Agency (FHFA) today released its third quarter 2018 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 63,193 foreclosure prevention actions in the third quarter of 2018, bringing the total number of foreclosure prevention actions to 4,242,774 since September 2008. The report […]
FHA appeals to struggling borrowers to contact their mortgage servicers immediately WASHINGTON – To help struggling borrowers in Puerto Rico and the U.S. Virgin Islands impacted by Hurricanes Irma and Maria, the Federal Housing Administration (FHA) today announced it is updating its menu of foreclosure prevention options to allow borrowers […]
Notice solicits public’s comments on ways to improve fair housing choice WASHINGTON – The U.S. Housing and Urban Development (HUD) today published a notice inviting public comment on amendments to its Affirmatively Furthering Fair Housing (AFFH) regulations. HUD’s goal in pursuing new rulemaking is to offer more helpful guidance to […]
In recognition of American Housing Month, the American Bankers Association Foundation and banks across the country are offering consumers valuable housing information throughout the month of June. The ABA Foundation will provide renters and homeowners with tips for choosing the right home, saving for a down payment and preparing a […]
June begins National Homeownership Month, a time of year when the U.S. Department of Housing and Urban Development (HUD) and others mark the importance of owning a home and the impact it has on the lives of American families, local neighborhoods and to the nation’s economic health. This year’s theme is […]
SHOP grant funding calls for the use of elbow grease to help 535 families become homeowners The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 535 affordable homes for hard-working, low-income […]
