Revealed: BlackRock owns considerable stock in housing’s biggest players

Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
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Items Tagged with 'Department of Housing and Urban Development'

ARTICLES

New FHA guidelines to delay reverse mortgage foreclosures

HECM spouses get to stay for longer
Ben Lane
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses during the foreclosure process.
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Moody’s: FHA premium cut will increase home sales by 45,000 this year

Provides a "meaningful boost" to housing economy
Ben Lane
According to the Moody’s report, the FHA premium cut will reach its maximum impact in mid-2016, when Moody’s Analytics’ model expects annualized home sales to increase by 100,000 as a result of the FHA cut, with 40,000 additional single-family housing starts in 2016 as well.
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WATCH: HUD Secretary Castro tells Daily Show FHA’s “trajectory” is strong

FHA’s reserve capital questioned by host Jon Stewart
Ben Lane
HUD Secretary Julián Castro continued his media tour Monday night, joining The Daily Show with Jon Stewart for a wide-ranging discussion touching on the recent announcement that FHA will cut its annual mortgage insurance premiums, whether the government has learned anything from the housing crisis and whether the FHA will need another bailout any time soon.
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Zillow plans event to “hack” housing

Offers $10,000 prize for creative solutions to jumpstart market
Ben Lane
Zillow is planning a weekend “hackathon” where developers will be challenged to invent the most innovative way to make it easier for buyers to find an affordable home. The prize for the most creative idea? $10,000.
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Castro: No further FHA fee reductions under consideration

HUD secretary gives first speech since FHA premium cut announcement
Ben Lane
Lest anyone think that last week’s announcement that the Federal Housing Administration will cut its annual mortgage insurance premiums was a harbinger of more cuts to FHA fees, HUD Secretary Julián Castro told a crowd in Washington, D.C. that no further FHA fee reductions are under consideration.
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Brooklyn co-op charged with discriminating against disabled veteran

HUD accuses Trump Village IV of denying use of emotional support dog
Ben Lane
A Brooklyn cooperative development is in hot water with the U.S. Department of Housing and Urban Development for refusing to allow a disabled veteran to keep an emotional support dog and threatening the veteran and his wife with eviction in retaliation for filing a fair housing complaint.
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Raphael Bostic elected to Freddie Mac board of governors

Former HUD assistant secretary for policy development and research
Ben Lane
Raphael Bostic, who served as assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development from 2009 to 2012, has been named to the board of governors of Freddie Mac.
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Former HUD employee jailed for stealing $843K from government

Loan guarantee specialist sentenced to 26 months in prison
Ben Lane
A former loan guarantee specialist for the U.S. Department of Housing and Urban Development will spend the next two years in prison for stealing $843,000 from the federal government.
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18 Senators, mortgage bankers tell HUD: Time to lower FHA premiums

Letters cite health of MMIF as reason for lowering fees
Ben Lane
A group of 18 U.S. Senators and the Mortgage Bankers Association both sent letters to the U.S. Department of Housing and Urban Development on Thursday, stating that the time has come for the Federal Housing Administration to lower its mortgage insurance premiums.
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Congressional budget bill kills HUD homeowner assistance program

HAWK program designed to offer savings on FHA-insured loans
Ben Lane
One of the most ballyhooed features of the FHA’s plan to help ease credit availability is not going to happen, thanks to budgetary wrangling in Congress. The HAWK program is no more.
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