Today, the Federal Housing Administration (FHA) is announcing new loan limits for calendar year 2023 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) insurance programs. Loan limits for most of the country will increase in the coming year due to house price appreciation during the first half of 2022, […]
Today, the U.S. Department of Housing and Urban Development (HUD) announced the release of a proposed rule for the Section 184 Indian Home Loan Guarantee Program, which will modernize the program regulations and encourage homeownership opportunities in Indian Country. The proposed rule expands and revises the existing program regulations and […]
Ratio changes to 53 Percent Fannie Mae and 47 Percent Freddie Mac The Federal Housing Finance Agency (FHFA) today announced the deemed-issuance ratio for the 2023 calendar year in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance-ratio will be used for diversification […]
Survey Finds Nearly Half of Rental Units are in Properties with Four or Fewer Units Of the 49.5 million rental housing units in the U.S., nearly 46 percent are located in rental properties of one-to-four units, according to the latest Rental Housing Finance Survey (RHFS) data released today by the U.S. Department […]
Baseline Conforming Loan Limit Will Increase to $726,200 The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In most of the United States, the 2023 CLL value for one-unit properties will […]
Federal Housing Administration to allow private flood insurance policies on insured single-family mortgages in special flood hazard areas The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), is announcing today that effective December 21, 2022, it will allow homeowners with FHA-insured mortgage financing to obtain flood […]
The Federal Housing Finance Agency (FHFA) today issued its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). Guarantee fees are intended to cover the credit risk as well as administrative and operational costs that the Enterprises incur when they acquire single-family loans from […]
Annual report to Congress highlights FHA’s leading role in supporting affordable home financing for first-time homebuyers and borrowers of color, providing assistance to struggling homeowners, and addressing housing supply and affordability. The Federal Housing Administration (FHA) today released its Annual Report to Congress on the financial status of its Mutual Mortgage Insurance […]
The Federal Housing Finance Agency (FHFA) today released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2022. For the fourteenth consecutive year, FHFA received an […]
HUD Launches Dedicated Webpage to Connect People to Pathways to Homeownership U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge hosted the virtual event “House Party – Let’s Talk About the House” on Tuesday, November 1 to educate Millennials and Generation Z young adults about the government […]