Items Tagged with 'HUD'

ARTICLES

A private mortgage insurer’s view on the FHA mortgage insurance premium suspension

Genworth: What is it the government’s role in mortgage insurance?
When the Department of Housing and Urban Development announced it suspended the reduction of FHA mortgage insurance premiums, it helped the private mortgage insurance market retain $10 billion in volume. Duane Duncan, head of Government relations at Genworth, gave an inside perspective of how the move impacts the private sector, whether it's reenacted or forever off the table.
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Former Ginnie Mae president: An open letter to Dr. Carson

Don’t or overlook or underestimate Ginnie Mae — especially now
[Guest commentary] While political pundits and talking-heads focus on your views on affordable housing and plans for urban renewal, very little has been said about an institution which has become a driver in the American economy—and one which will fall under your oversight shortly: Ginnie Mae. This is certainly not to belittle any of the other matters discussed in your recent testimony before the U.S. Senate. However, I hope you’ll agree that you’re inheriting an important entity of which too little is understood by far too many.
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HOT or NOT: What is trending in housing right now?

Airbnb gets a reprieve
What has been trending in the housing world over the last month? The CFPB is red hot, as usual, but consumer housing sentiment and mortgage insurance premiums did an abrupt about-face in the middle of the month. Also, the latest on Airbnb restrictions.
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Urban Institute: Suspending the FHA mortgage insurance premium cut is a good idea

3 ways the cut impacts the mortgage market
Taking the suspension one step further, the Urban Institute posted a blog on the recent HUD announcement, stating that not only is the suspension a good idea but it should be stopped until the FHA Mutual Mortgage Insurance Fund can build up more money. Unlike those who are arguing that suspending the cut is leaving thousands of borrowers on the sidelines, the blog says, overall, it’s not the best option.
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New home sales drop more than 10% in December

Actually up 12% for 2016
Following the drop witnessed earlier this week in existing home sales, new home sales followed suite and dropped in December. However, performance was still up for the year as 2016 saw an increase in new home sales by more than 12%.
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Ben Carson facing Senate vote to become HUD Secretary

William Russell leading HUD in the meantime
The Committee on Banking, Housing, and Urban Affairs is slated to meet Tuesday morning to vote on the nomination of Ben Carson as Secretary of the U.S. Department of Housing and Urban Development. Will he finally become HUD secretary after a controversial nomination?
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