HUD

Prior to her confirmation hearing for the position of Secretary of the Department of Housing and Urban Development, the Mortgage Bankers Association wrote a letter to the Senate committee on banking, housing, and urban affairs supporting Marcia Fudge.

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The U.S. Department of Housing and Urban Development awarded over $34 million to three public housing agencies through its Capital Fund Emergency/Disaster and Safety and Security Program.

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The U.S. Department of Housing and Urban Development (HUD) is awarding $46 million in rental assistance and housing vouchers to help veterans who are at risk for homelessness.

“Ending veteran homelessness has been a top priority for the Trump Administration since day one,” HUD Secretary Ben Carson said.

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A recent review by the Department of Housing and Urban Development (HUD), Office of Inspector General (OIG) of the largest Section 184 Indian Home Loan Guarantee lender found that the lender did not always follow program requirements.

HUD OIG made three recommendations in light of the findings of the investigation.

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The federal housing agencies announced that they would extend moratoriums on foreclosures and evictions through at least the end of 2020.

Fannie Mae, Freddie Mac and the Federal Housing Administration announced that all loans which are backed or guaranteed by their agencies would extend the moratoriums, which were scheduled to expire Aug. 31.

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It has been more than 18 months since the Department of Housing and Urban Development (HUD) had Senate-confirmed leads in its top three positions, but that finally is the case, as the Senate easily confirmed Dana Wade as the Federal Housing Administration commissioner.

She joined HUD Secretary Ben Carson and Deputy Secretary Brian Montgomery atop the agency’s leadership.

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Six weeks after a Ginnie Mae executive said the agency was “just around the corner” from beginning to accept eNotes in its securitizations, Ginnie Mae Principal Executive Vice President Seth Appleton said the program had launched.

As part of the initial phase, issuers may apply to participate as eIssuers and begin securitizing government-backed mortgages comprised of digital collateral with Ginnie Mae approval.

Read on for details of the new capabilities.

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The Financial Stability Oversight Council met earlier this month in executive session by telephone.

The highlight news coming from the meeting was the announcement that the council would begin an activities-based review of secondary mortgage market activities.

Read on for more details, and reaction from Federal Housing Finance Agency Director Mark Calabria.

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Department of Housing and Urban Development (HUD) Secretary Ben Carson joined acting Comptroller of the Currency Brian Brooks and Sen. Tim Scott (R-S.C.) in an event to raise awareness of the way in which Opportunity Zones can receive credit under new regulatory rules.

The event took place in Charleston, S.C., and brought together 50 bankers, developers, and advocates from throughout the mid-Atlantic region.

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A group of housing and real estate trade associations, led by the Mortgage Bankers Association, wrote Department of Housing and Urban Development Secretary Ben Carson recently on an announcement by the Federal Housing Administration (FHA).

The announcement would require lenders to provide 20 percent indemnification for as much as two years for borrowers who enter into forbearance after closing, but before FHA insured their loan.

Read on for more details of their request.

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