HUD: Immediate Relief Provided for Homeowners Amid Nationwide Coronavirus Response
Suspends all foreclosure and evictions for the next 60 days U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, in consultation with the Trump Administration and the Coronavirus Task Force, today authorized the Federal Housing Administration (FHA) to implement an immediate foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages for the next…
CFPB: Director Kraninger Statement on Joint HUD-FHFA Announcement on Foreclosure and Eviction Moratorium
Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement today after the U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency announced a moratorium on foreclosures and evictions: “The actions taken today by HUD and FHFA are timely and an important step in providing assurance to consumers. I…
Federal Banking Agencies Provide Banks Additional Flexibility to Support Households and Businesses
The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banks to continue lending to households and businesses. They are: A statement encouraging banks to use their resources to support households and businesses; and A technical change to phase in, as intended, the automatic distribution restrictions gradually if a…
HUD: Over $118 Million Awarded to Local Homeless Programs
Funding will support service providers and non-profits across the Nation Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced over $118 million in grants to support local homeless assistance programs across the country. This round of HUD’s Continuum of Care grants will provide critically needed support to approximately 630 local programs on…
FHFA: Evaluation Criteria Strengthened for Duty To Serve Program
The Federal Housing Finance Agency (FHFA) today announced it is strengthening the evaluation criteria of the Duty to Serve (DTS) Underserved Markets program through the Evaluation Guidance for Fannie Mae and Freddie Mac (the Enterprises). The updated guidance will ensure the Enterprises’ DTS programs have a significant impact in underserved communities. See the updated Evaluation…
HUD: Additional $1.1 Million Announced to Public Housing Authorities to Assist Young People Aging Out of Foster Care
Funding supports youth aging out of foster care to avoid homelessness Today, U.S. Housing and Urban Development (HUD) Secretary Ben Carson announced an additional $1.1 million in funding for HUD’s new Foster Youth to Independence (FYI) Initiative. Ten housing authorities will receive this funding, continuing HUD’s efforts to assist young adults transitioning out of foster care…
HUD and Census Bureau: New Residential Sales Report for January 2020
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 January 2020: New Home Sales Sales of new single-family houses in January 2020 were at a seasonally adjusted annual rate of 764,000. This is 7.9 percent (±17.8 percent)* above the revised December…
FHFA: House Prices Rose 1.3 Percent in Fourth Quarter 2019; Up 5.1 Percent from 2018
U.S. house prices rose in the fourth quarter of 2019, up 1.3 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.1 percent from the fourth quarter of 2018 to the fourth quarter of 2019. FHFA’s seasonally adjusted monthly index for December was up 0.6 percent from November. “Growth in U.S. home prices stabilized at the end…
FHFA: Request for Input on Federal Home Loan Bank Membership Issued
Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Federal Home Loan Bank (FHLBank) membership. The RFI, part of a holistic review of FHLBank membership, seeks public input on whether FHFA’s existing regulation on FHLBank membership ensures the FHLBank System, consistent with statutory requirements, remains safe and sound, provides liquidity…
FHFA: CFPB and FHFA Release Additional Data from the National Survey of Mortgage Originations for Public Use
Details Borrower’s Experiences Obtaining a Mortgage The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) today released additional loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data provide insights into borrowers’ experiences in getting a residential mortgage. The NSMO is a component of the National Mortgage…