Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

It’s official: Zillow will own Trulia

"Better agents make for better advertisers"

Items Tagged with 'Federal Housing Administration'


NAR: Big banks exiting FHA loans is a "bad trend"

JPMorgan Chase debates stopping FHA-backed loans
July 18, 2014
Just as the Federal Housing Administration is celebrating its 80th anniversary, big banks are debating ending their lending relationships with the administration.
Read More

Adding this one test could cut FHA default rates in half

Defaults are falling, but there’s room to improve
July 16, 2014
In its Housing Finance Policy Center Commentary, the Urban Institute’s Laurie Goodman, Ellen Seidman and Jun Zhu write that the FHA should adopt a practice that the Veterans Administration uses when considering a borrower for a loan — the residual income test.
Read More

Senate confirms Julián Castro as HUD Secretary

Senate votes 71-26 to approve Obama’s nominee
July 9, 2014
Of note in the “no” votes was Senator Mike Crapo, R-Idaho, who co-authored the Johnson-Crapo housing finance reform legislation with Senator Tim Johnson, D-S.D., that is currently under consideration on the Senate floor.
Read More

FBR: Make credit available or we won’t see $1 trillion in originations

Weak May and June continue to drag market down
July 8, 2014
Nothing happens in this industry without mortgage originations. They’re the lifeblood of this industry. Without originations, there are no servicing rights available for purchase and there are no securitizations to invest in.
Read More

Foreclosure fee investigation grows to 5 banks

Three more firms being investigated
May 29, 2014
As HousingWire readers were alerted last August, U.S. regulators are, in fact, expanding their investigation into different banks' charges connected with foreclosure actions.
Read More

Obama: “All-star” Julián Castro to lead HUD

HUD Secretary Shaun Donovan nominated to lead budget office
May 23, 2014
“We also need someone to continue Shaun’s good work at HUD,” the President said. “And that public servant is Julián Castro."
Read More

Obama to announce Julián Castro’s nomination as HUD Secretary

Three-term San Antonio mayor to replace Shaun Donovan
May 23, 2014
According to reports, President Obama will announce Castro’s nomination in the Rose Garden on Friday afternoon. If confirmed by the Senate, Castro would replace the current HUD Secretary Shaun Donovan, who’s expected to be named Director of the White House Office of Management and Budget on Friday afternoon as well.
Read More

$4.8 billion of non-performing HUD loans set to hit the market

Fifth deal offered in the last 18 months
May 21, 2014
“HUD has taken a clear leadership position in the market, systematically managing its risk through the sale of $17 billion of non-performing single-family loans since late 2012,” said DebtX CEO Kingsley Greenland. “Once again, we expect strong investor interest and bidding as we reach the 100,000-loan milestone with HUD.”
Read More

Tight credit standards, high FHA rates could be a boon for private mortgage insurers

Market share has nearly tripled in four years
May 14, 2014

With purchase originations expected to hit the highest level since 2008, private mortgage insurers are about to be in prime position to reap the benefits.“We expect that the recovery in the housing market and the resulting increase in purchase originations mean that private MIs should see a boost in business,” said Bradley Shuster, president and CEO of NMI Holdings, Inc.

Read More

New FHA program heralded as positive step towards easing credit crisis

BPC's Patenaude: FHA's plan is timely and promising
May 13, 2014
"Importantly, the FHA's Blueprint for Access recognizes that it is possible to responsibly increase mortgage access for underserved borrowers without exposing lenders and the taxpayers to significantly greater risk,” Pamela Patenaude, director of housing policy for the Bipartisan Policy Center said.
Read More