FHFA: Foreclosure Preventions Top 4.1 Million In 2018 First Quarter
The Federal Housing Finance Agency (FHFA) today released its first quarter 2018 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 68,378 foreclosure prevention actions in the first quarter of 2018, bringing the total number of foreclosure prevention actions to 4,108,636. The Enterprises’ serious delinquency rate dropped to 1.1 percent…
FEDS Notes: Where’s the Money Going? The Importance of Accounting for Rent Payments in Measuring a Household’s Financial Obligations
Andrew C. Chang, Joanne W. Hsu, Sarah J. Pack, and Michael G. Palumbo 1 According to the Federal Reserve Board’s Survey of Consumer Finances (SCF), in 2016 about 12 percent of American families’ monthly income was needed to cover payments associated with the various types of debt they owed–mostly mortgages, car loans, student loans, and…
HUD and Census Bureau: Residential Construction Activity Report in May 2018
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 May 2018. Building Permits: Privately owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,301,000. This is 4.6 percent (±1.4 percent) below the revised…
HUD: Historic Agreement Reached with New York City Housing Authority to Improve Health and Living Conditions
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a historic agreement with the nation’s largest public housing authority to correct dangerous lead-based paint and other health and safety hazards. HUD, the Justice Department, and the U.S. Environmental Protection Agency (EPA) reached a Consent Decree with New York City and the New York…
HUD: June is National Healthy Homes Month
HUD plans month-long activities to create greater awareness around housing and its impact on health Homes and health are inextricably linked together, reflect two of the most basic needs of a society, and serve as an indicator of the strength of the nation. In an effort to help families create healthier living conditions for themselves…
HUD: Nearly $20 Million Awarded to Support Homeless Programs in Puerto Rico and U.S. Virgin Islands
Continuum of Care grants to support local projects working to prevent and end homelessness The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $20 million to support to dozens of local homeless housing and service programs in Puerto Rico and the U.S. Virgin Islands. The Continuum of Care grants announced today provide…
ABA: Celebrating Housing Choices during American Housing Month
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 senior to ‘age in place.’…
HUD: National Healthy Home Months Kicks Off with Announcement of Protect our Kids! Campaign
Department-wide enforcement campaign to protect young children from lead poisoning in older housing WASHINGTON – June is National Healthy Homes Month. This year, the U.S. Department of Housing and Urban Development (HUD) is focused on protecting current and future generations of children from exposure to lead-based paint hazards in older homes. HUD Secretary Ben Carson…
HUD: National Homeownership Month Kicks Off
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 National Homeownership Month 2018: Find…