Items Tagged with 'HUD'

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Industry reacts: Is Trump's suspension of FHA mortgage insurance premium cut good or bad?

Suspended indefinitely
The Department of Housing and Urban Development’s decision to suspend the reduction of Federal Housing Administration mortgage insurance premiums didn’t come as a shocker. But while the industry knew the uncertainty surrounding the situation, they’re left divided on the issue. How much disruption will this delay cause?
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Housing starts hit best year since 2007

December makes up grounds lost in previous month
December made up for some of its lost ground in November with an increase in housing starts. In fact, 2016 finished off the year as the best year for housing starts since 2007. However, the market remains in desperate need of new housing stock.
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Sources: Trump plans repeal of FHA mortgage insurance premium cut

Will it be a delay or an indefinite delay?
With President-elect Trump’s inauguration mere hours away, it appears that the Trump administration will do more than just “examine” the FHA premium cut once Trump is sworn on. According to multiple sources, the FHA premium cut, which is currently scheduled to go into effect on January 27, will be delayed, if not done away with entirely, by the incoming Trump administration.
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[Video] Here's Julián Castro's final farewell speech to HUD

Offers three pieces of advice
Appearing for the last time as the secretary of the Department of Housing and Urban Development, Julián Castro began his farewell speech to HUD employees in typical Texas fashion, with a "y’all." The White House tapped Castro back in June 2014 to replace outgoing HUD secretary Shaun Donovan, and now with only a week left in office, Castro left HUD with these three pieces of advice.
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Senate questions Ben Carson on his ability to lead HUD

But seemingly unconcerned with his lack of experience
Ben Carson's hearing before the Senate Banking, Housing and Urban Affairs Committee is now over. While some of the committee members questioned Carson's ability to be the next secretary of HUD, the hearing wasn't as contentious as many thought it might be. And despite the controversial reaction to his appointment, the hearing seemed to confirm that Carson will, in fact, be confirmed as the next HUD secretary.
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Ben Carson pledges to "really examine" latest FHA mortgage insurance premium cut

Confirms that Trump team was not consulted on Obama administration’s decision
Earlier this week, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, told reporters that he does not expect the incoming Trump administration to repeal HUD’s decision to cut Federal Housing Administration mortgage insurance premiums. On Thursday, Ben Carson, President-elect Trump's choice to lead HUD, said the the incoming administration plans to "really examine" the Obama administration's decision before determining a course of action.
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Here are the questions Elizabeth Warren wants Ben Carson to answer

Warren publishes 35 questions she wants Carson to answer in confirmation hearing
The eyes of the housing industry will be trained to Capitol Hill today, as Ben Carson, the former Republican presidential candidate, retired neurosurgeon, and President-elect Donald Trump’s choice to the lead the Department of Housing and Urban Development, appears for his confirmation hearing. In a letter sent to Carson in advance of his hearing, Sen. Elizabeth Warren revealed the questions she wants Carson to have an answer for when he appears before the committee – 35 of them, in all.
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