HUD: Red Tape Slashed to Cut Homeownership Financing Costs
FHA eliminates 12 costly and burdensome policies in sweeping rollback U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is rescinding more than 12 sub-regulatory policies under its Single Family mortgage insurance program. These sweeping changes cut red tape, help reduce the cost of homeownership, and eliminate…
ICBA: ICBA Applauds House Passage of Bill to Restrict Mortgage “Trigger Leads” Following Unanimous Senate Passage
The Independent Community Bankers of America (ICBA) applauded Congress following today’s House passage of the bipartisan Homebuyers Privacy Protection Act (H.R. 2808), which will help protect the financial privacy of mortgage applicants. With today’s vote on H.R. 2808 following the Senate’s unanimous passage of its version of the bill (S. 1467) earlier this month, ICBA…
OCC: Mortgage Performance Report for First Quarter 2025 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2025. The OCC Mortgage Metrics Report, First Quarter 2025 showed that 97.6 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
HUD: Disaster Aid and Financial Flexibility Delivered for Mississippi Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Mississippi to supplement recovery efforts in the areas affected severe storms, straight-line winds, tornadoes and flooding from March 14-15, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods,…
HUD: Disaster Aid and Financial Flexiblity Delivered to Kentucky Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the Commonwealth of Kentucky to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from May 16-17, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods,…
HUD: Disaster Aid and Financial Flexibility Delivered for Arkansas Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Arkansas to supplement recovery efforts in the areas affected by severe storms, tornadoes and flooding from April 2–22, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods, and…
HUD: Disaster Aid and Financial Flexibility Delivered for Texas Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Texas to supplement recovery efforts in the areas affected by severe storms and flooding from March 26-28, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods, and businesses…
HUD: Disaster Aid and Financial Flexiblity Delivered for Missouri Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Missouri to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes and wildfires from March 14-15, 2025. “HUD serves every American and works alongside communities to help rebuild homes,…
HUD: Disaster Aid and Financial Flexibility Delivered for Oklahoma Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Oklahoma to supplement recovery efforts in the areas affected by wildfires and straight-line winds from March 14–21, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods, and businesses…
HUD: Disaster Aid and Financial Flexibility Delivered to Virginia Residents Impacted by Winter Storms and Flooding
The U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of Federal disaster assistance to the Commonwealth of Virginia to supplement recovery efforts in the areas affected by severe winter storms and flooding from Feb. 10-18, 2025. President Trump issued a Major Disaster Declaration on April 4, 2025 for the Commonwealth of…