Census Bureau: New Report Examines Homeownership in the United States from 2005 to 2019
The U.S. Census Bureau today released a new report that examines trends in homeownership over the last 15 years. The report, Homeownership in the United States: 2005 to 2019, is based on statistics from the American Community Survey (ACS). The report presents trends in homeownership at the national, state and county levels. For the first time ever, these…
FHFA: 4th Quarter 2020 Foreclosure Prevention and Refinance Report Released
More than 5.5 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2020 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 362,912 foreclosure prevention actions in the fourth quarter of 2020, bringing the total number of homeowners who have been…
CFPB: Agency Clarifies that Discrimination by Lenders on the Basis of Sexual Orientation and Gender Identity is Illegal
Industry is on notice that Bureau will not tolerate illegal discrimination against the LGBTQ+ community Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (ECOA) and Regulation B includes sexual orientation discrimination and gender identity discrimination. This prohibition also covers discrimination based…
CFPB: Delay of Mandatory Compliance Date for General Qualified Mortgage Final Rule Proposed
The Consumer Financial Protection Bureau (CFPB) today released a notice of proposed rulemaking (NPRM) to delay the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022. The CFPB is proposing to extend the compliance date to ensure homeowners struggling with the financial impacts of the…
FHFA: More than $1 Billion in Affordable Housing Funds Authorized
Largest amount ever disbursed to Housing Trust Fund and Capital Magnet Fund, more than double 2019 amounts FHFA Director Mark Calabria announced today that he has authorized the disbursement of $1.09 billion for Fannie Mae and Freddie Mac’s (the Enterprises) affordable housing allocations for 2020. This is the largest amount ever disbursed and more than…
CFPB: New Report Finds Over 11 Million Families at Risk of Losing Housing
Today, the Consumer Financial Protection Bureau (CFPB) issued a report that warns of widespread evictions and foreclosures once federal, state, and local pandemic protections come to an end, absent additional public and private action. Over 11 million families are behind on their rent or mortgage payments: 2.1 million families are behind at least three months…
FHFA: COVID-19 Forebearance Period and Foreclosure and REO Eviction Moratoriums Extended until June 30, 2021
Aligns COVID-19 mortgage relief policies across the federal government Today, the Federal Housing Finance Agency (FHFA) announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government. FHFA announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until…
HUD: FHA Extends Single Famly Policy Flexibilities to Maintain Mortgage Originations and 203(k) Rehabilitation Projects Through June 2021
Today, the Federal Housing Administration (FHA) announced extensions of a set of policy flexibilities for single family lenders and servicers designed to maintain new mortgage originations for homebuyers and allow 203(k) rehabilitation projects to continue during the COVID-19 pandemic. These temporary policies recognize the sustained need for flexibility during this critical time to ensure mortgage…
HUD: Disaster Assistance Announced for Victims of Texas Severe Winter Storm
Foreclosure protections in place for homeowners in Presidentially Declared Major Disaster Areas The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Texas to provide support to homeowners and homebuyers in areas affected by the Severe Winter Storm. On February 19, 2021, President Biden…
HUD: Extensions and Expansion of COVID-19 Homeowner Relief and Home Retention Measures Announced
Extensions and expansions support the immediate and ongoing needs of homeowners who are experiencing economic impacts related to the COVID-19 pandemic. To provide urgent economic relief to homeowners impacted by COVID-19, today the U.S. Department of Housing and Urban Development (HUD) announced extensions of the Federal Housing Administration’s (FHA) foreclosure and eviction moratoriums, as well…