HUD and Census Bureau: New Residential Sales Report for September 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 September 2021: New Home Sales Sales of new single-family houses in September 2021 were at a seasonally adjusted annual rate of 800,000. This is 14.0 percent (±17.9 percent)* above the revised August…
FHFA: House Price Index Up 1.0 Percent in August 2021; Up 18.5 Percent from Last Year
House prices rose nationwide in August, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.5 percent from August 2020 to August 2021. The previously reported 1.4 percent price change for July 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price changes from…
SBA: Hurricane Ida Assistance Has Exceeded $1 Billion
SBA Disaster Relief is Reaching Small Businesses, Homeowners, Renters, and Nonprofits Across Seven Impacted States U.S. Small Business Administration Administrator Isabella Casillas Guzman announced today that the agency has delivered more than $1 billion in disaster rescue funds to small businesses, homeowners, renters, and private nonprofit organizations recovering from damages caused by Hurricane Ida in September….
FHFA: Two Measures Advancing Housing Sustainability and Affordability Announced
Expands Eligibility for Fannie Mae’s and Freddie Mac’s Refinance Programs for Low- and Moderate-Income Borrowers and Restores Desktop Appraisal Flexibility The Federal Housing Finance Agency (FHFA) today announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities. “Expanding eligibility for low- and moderate-income families to refinance…
HUD: New Rule Issued Protecting Tenants Facing Eviction for Non-Payment of Rent in HUD-Assisted Properties
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced that it will publish a rule that prohibits the eviction of tenants facing eviction for nonpayment of rent from HUD-subsidized public housing and certain properties with project-based rental assistance without providing a 30-day notice period that includes information about available federal emergency rental…
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)…