FHFA: House Price Index Up 0.4 Percent in May
Washington, D.C. – U.S. house prices rose in May, 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 0.7 percent increase in April was revised downward to reflect a 0.6 percent increase. The FHFA monthly HPI is calculated using…
HUD: East Baltimore Redevelopment Earns 2017 HUD Secretary’s Award for Historic Preservation
WASHINGTON – For years, dozens of historic rowhouses in an East Baltimore neighborhood sat vacant, boarded up and crumbling from neglect while nearby families were in need of affordable housing. Then, a $9.3 million redevelopment project rehabilitated 32 vacant rowhouses into beautiful affordable housing homes complete witha coffee shop and a workforce development center inside…
HUD & Census Bureau: New Residential Sales Report June 2017
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for June 2017. Building Permits: Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,254,000. This is 7.4 percent (±1.1 percent) above…
FHFA: Final Rule Regarding Minority and Women Inclusion Regulations Amended to Require Diversity and Include Strategic Planning
Washington, D.C. — The Federal Housing Finance Agency (FHFA), is publishing a final rule that amends its existing Minority and Women Inclusion regulations to require Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the Office of Finance (the regulated entities), to develop and implement strategic plans to promote diversity and inclusion of minorities,…
HUD: Winners for 2017 Healthy Homes Awards Announced
WASHINGTON – The U.S. Department of Housing and Urban Development(HUD) and the National Environmental Health Association (NEHA) today announced that four model programs around the nation are recipients of the HUD Secretary’s Award for Healthy Homes, an award recognizing excellence in making indoor environments healthier through healthy homes. For the third consecutive year, HUD and…
HUD: $50 Million in Housing Counseling Grants Awarded
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $50 million in housing counseling grants to hundreds of national, regional and local organizations to help families and individuals with their housing needs and to prevent future foreclosures. HUD’s housing counseling grants and the additional funding they leverage will assist…
Federal Reserve: FEDS Notes | Post-Crisis Lending by Large Bank Holding Companies
This note analyzes recent trends in loan growth at domestic bank holding companies (hereafter, banks) and reviews factors related to bank loan growth such as capital and loan write-downs.2 The extension of credit has important implications for the health of the economy.3 For instance, if businesses and households do not have access to credit, they…
FHFA: 2018-2020 Housing Goals for Fannie Mae and Freddie Mac Proposed
Washington, D.C. – In accordance with the provisions of the Housing and Economic Recovery Act of 2008, the Federal Housing Finance Agency (FHFA) today proposed a rule that would establish new housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2018 through 2020. FHFA is requesting comment on the proposed rule. When finalized,…
FHFA: Deadline Extended to July 31 on Request for Input to Improve Access to Credit for Borrowers with Limited English Proficiency
Washington, DC – The Federal Housing Finance Agency (FHFA) is extending the deadline from July 10 to July 31 to allow more time for interested parties to provide input on issues facing qualified mortgage borrowers with Limited English Proficiency (LEP) throughout the mortgage life cycle process, including mortgage lending and servicing. FHFA announced on May…
HUD: $127 Million to Protect Children and Families from Dangerous Lead and Other Home Hazards Awarded
WASHINGTON – In a continuous effort to keep families and their children safe from lead-based paint and other home health and safety hazards, the U.S. Department of Housing and Urban Development (HUD) today awarded more than $127 million to 48 state and local government agencies (see chart below). The grant funding announced today will reduce…