States Receive Disaster Relief
The Department of Housing and Urban Development (HUD) is speeding disaster relief to numerous counties in Montana and Vermont for people whose homes were damaged by the storms and flooding in April and...
View ArticleFHA To Reduce Mortgage Limit in Chicago
The Chicago Real Estate Daily says come October, the maximum amount of a government-backed loan in the six-county Chicago area will drop $45,000 to $365,700. Currently a home buyer can put down 3.5...
View ArticleGovernment Trying to Ease Burden of Jobless Homeowners
Yahoo! Finance says unemployed borrowers with Federal Housing Administration (FHA)-backed loans will be able to remain in their homes for up to a year without making a payment and stave off...
View ArticleNew FHA Acting Commissioner Steps Up
Reverse Mortgage Daily says the Federal Housing Administration (FHA) is getting its second consecutive acting commissioner since April. President Obama has named Carol Galante to replace Robert Ryan...
View ArticleReport Calls for Change in New FHA Loan Limits
Origination News says a report by George Washington University’s Center for Real Estate and Urban Analysis suggests changes in the Federal Housing Administration’s (FHA) loan limits proposal. The plan...
View ArticleFHA’s Carol Galante is Galloping
OriginationNews reports that two years after leaving affordable housing developer Bridge Housing Corporation to run the Federal Housing Administration’s (FHA) multi-family program, Carol Galante is...
View ArticleFHA Moves REOs
NationalMortgageNews reports the Federal Housing Administration (FHA) unloaded 102,195 repossessed housing units in FY 2011, bringing in over $7 billion to the coffers of the Treasury. Tom Rose,...
View ArticlePres. Obama Signs FHA Bill to Raise Loan Limits
HousingWire reports a bill reinstalling higher conforming loan limits for the Federal Housing Administration (FHA) was singed into law Friday morning, Nov. 18, by President Obama. Both the House and...
View ArticleMH Industry’s Call to FHA and HUD
The Manufactured Housing Association for Regulatory Reform (MHARR) and the Manufactured Housing Institute, acting jointly as the Coalition to Advance Manufactured Housing (Coalition), held a 30-minute...
View ArticleGalante’s Nomination to Head FHA Sent to Full Senate
NationalMortgageNews reports Republican Senators want the Obama administration to more forcefully strengthen the Federal Housing Administration (FHA) before confirming Carol Galante to head the agency....
View ArticleFHA Commissioner Stevens to Step Down at HUD
The Manufactured Housing Institute (MHI) reports that after leading efforts to put the Federal Housing Administration (FHA) back on more stable footing, as well as overseeing and managing the Office of...
View ArticleLooming Shutdown Could Hinder FHA and HUD Loans
The Atlanta Journal-Constitution reports that as the federal government nears shutdown and hundreds of thousands of employees may be furloughed, only mail carriers, the military, and air traffic...
View ArticleFHA and HUD Loans Safe from Government-wide Shutdown
Late Friday night, the government shutdown was averted that would have affected Federal Housing Administration (FHA) and Department of Housing and Urban Development (HUD) operations, causing...
View ArticleNew Federal Program to Finance Energy Efficiency
According to the Department of Housing and Urban Development (HUD), and with backing by the Federal Housing Administration (FHA), HUD had chosen 18 lenders from across the country to participate in an...
View ArticleFederal Government Offering Rebuilding Assistance Following Tornadoes
Following President Obama’s disaster declaration for specific counties in Tennessee and Missouri, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan has offered speedy government...
View ArticleU.S. Bank Fined for Mortgage Underwriting Violations
HousingWire reports the Department of Housing and Urban Development (HUD) will accept a $1.2 million fine from U.S. Bank (NYSE:USB) for failing to meet Federal Housing Administration (FHA) underwriting...
View ArticleUnder-utilized MH Community Program to Be Revised
The Manufactured Housing Institute (MHI) says it and the National Communities Council (NCC) met with Housing and Urban Development (HUD) representatives to discuss a federal program to develop and...
View ArticleCongress and Industry Suggest Altering Risk Retention
Origination News reports a congressional hearing heard both sides of the aisle criticizing federal regulators for exempting Fannie Mae and Freddie Mac from the five percent risk retention policy on...
View ArticleMore Support Will be Needed for GSEs
HousingWire reports another $42 billion in subsidies will be needed by Fannie Mae and Freddie Mac from 2012 to 2021, according to the Congressional Budget Office (CBO). In testimony before Congress...
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