HUD: Disaster Assistance Announced for New Hampshire Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of New Hampshire affected by a severe storm and flooding from July 29 to July 30, 2021. On October 4, President Biden issued a major disaster declaration for the counties of Cheshire and Sullivan, allowing…
FHFA: Changes Announced to Common Securitization Solutions Board Structure
The Federal Housing Finance Agency (FHFA) today announced that Common Securitization Solutions (CSS) is undertaking a series of actions to better align its corporate governance structure with its core mission of supporting the infrastructure for Fannie Mae and Freddie Mac (the Enterprises) mortgage-backed securities issuance. Matthew Feldman has been named Chairman of the Board of…
HUD: Disaster Assistance Announced for Montana Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of Montana affected by the Richard Spring Fire from August 8 to August 20, 2021. On September 30, President Biden issued a major disaster declaration for Rosebud County and the Northern Cheyenne Indian Reservation. Federal funding…
FHFA: House Price Index Up 1.4 Percent in July 2021; Up 19.2 Percent from Last Year
House prices rose nationwide in July, up 1.4 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 19.2 percent from July 2020 to July 2021. The previously reported 1.6 percent price change for June 2021 was revised upward to 1.7 percent. For the nine census divisions, seasonally adjusted…
HUD: Federal Housing Administration Adds Additional COVID-19 Forberance Relief Options
Actions today are a response to the continued impacts of the pandemic on individuals and families across the country. The Federal Housing Administration (FHA) announced today new and extended COVID-19 relief options for borrowers recently or newly struggling to make their mortgage payments because of the pandemic and for senior homeowners with Home Equity Conversion Mortgages (HECMs)…
HUD: New Members Appointed to the Housing Counseling Federal Advisory Committee and Future Expansion Announced
The U.S. Department of Housing and Urban Development (HUD) on Friday announced the appointment of six new members to its Housing Counseling Federal Advisory Committee, and the re-appointment of two current members of the Committee. In addition, HUD is announcing today that it intends to expand the Committee in the future from eight members back…
HUD and Census Bureau: New Residential Sales Report for August 2021 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for August 2021: New Home Sales Sales of new single-family houses in August 2021 were at a seasonally adjusted annual rate of 740,000. This is 1.5 percent (±15.1 percent)* above the revised July…
FHFA: Availability of COVID-19 Multifamily Forebearance Extended
Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to the continued tenant protections FHFA has imposed during the pandemic. This is the fourth extension of the programs, which were set to expire September…
FHFA: Second Quarter 2021 Foreclosure Prevention and Refinance Report Released
More than 6 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its second quarter 2021 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 217,020 foreclosure prevention actions in the second quarter of 2021, bringing the total number of homeowners who have been helped…
HUD: $143 Million in Grants to Support Construction and Project Rental Assistance for New Multifamily Housing and Very Low-Income Seniors
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Wednesday that it has awarded $143 million in grants to non-profit organizations across the country to support the development of new affordable multifamily rental housing along with ongoing project rental assistance for very low-income seniors. The awards were made…