FHFA: U.S. House Prices Rise 12.6 Percent Over the Last Year; Up 3.5 Percent in the First Quarter 2021
U.S. house prices rose 12.6 percent from the first quarter of 2020 to the first quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 3.5 percent compared to the fourth quarter of 2020. FHFA’s seasonally adjusted monthly index for March was up 1.4 percent from February. “House price growth over the…
HUD: $5 Billion Announced to House People Experiencing Homelessness
Secretary Fudge: “With HUD’s swift allocation of this $5 billion in American Rescue Plan funding, we are providing communities the resources to give homes to the people who have had to endure the COVID-19 pandemic without one.” U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the allocation of $5…
FHFA: RFI Issued on Short-Term Rental Units in Condominium, Cooperative, and Planned Unit Development Projects
The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s (the Enterprises) eligibility requirements for mortgages in condominium (condo), cooperative (co-op), and planned unit development (PUD) projects where a large portion of units are offered for short-term rental (30 days or less) or are used primarily…
CFPB: Reports Issued Detailing Mortgage Borrowers Continuing COVID-19 Challenges
The Consumer Financial Protection Bureau (CFPB) released two reports today showing that more work needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn. The first report documents that Black and Hispanic mortgage borrowers are much more likely to be delinquent or in a forbearance program than white borrowers….
HUD: New Education Campaign Launched in Observance of Mental Health Awareness Month
The U.S. Department of Housing and Urban Development (HUD) announced today that it is commemorating Mental Health Awareness Month 2021 this May with the launch of a new campaign that will educate the public about the various forms of housing discrimination people with mental health, intellectual or developmental disabilities often face, and what they should…
HUD: More Than $20 Million Made Available to Fight Housing Discrimination
Grants will support fair housing testing, education, enforcement activities The U.S. Department of Housing and Urban Development (HUD) announced that it is making $20,229,156 available to fair housing organizations across the nation working to fight housing discrimination. The funds will support a variety of activities, including fair housing testing, education and outreach, and capacity building,…
FHFA: Final Rule Published on Enterprise Resolution Plans
The Federal Housing Finance Agency (FHFA) today published a final rule that requires Fannie Mae and Freddie Mac (the Enterprises) to develop credible resolution plans, also known as “living wills.” These resolution plans would facilitate a rapid and orderly resolution of the Enterprises should FHFA be appointed their receiver per the Housing and Economic Recovery Act of…
CFPB: FTC and CFPB Put Nation’s Largest Landlords on Notice about Tenants Pandemic Protections
Today, Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio and Federal Trade Commission (FTC) Acting Chairwoman Rebecca Kelly Slaughter sent notification letters to the nation’s largest apartment landlords, which collectively own more than 2 million units. The letters remind these landlords of federal protections in place to keep tenants in their homes and stop…
HUD: Access to Opportunity for 10,000 Families Increased through New $50 Million Housing Mobility Demonstration
HUD Secretary Marcia L. Fudge on Thursday announced awards to nine lead public housing authorities (PHAs) that will participate in HUD’s new Housing Choice Voucher (HCV) Mobility Demonstration, which will receive $45.7 million in total funding. Through this Demonstration, PHAs will provide over 10,000 families with children better access to low-poverty neighborhoods with high-performing schools…
FHFA: House Price Index Up 0.9 Percent in February 2021; Up 12.2 Percent from Last Year
House prices rose nationwide in February, up 0.9 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 12.2 percent from February 2020 to February 2021. The previously reported 1.0 percent price change for January 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly…