Items Tagged with 'HUD'

ARTICLES

Fed strikes down San Fran affordable housing plan

Says it violates HUD regulations
At a time when California desperately needs affordable housing, city officials in San Francisco struggle to find a solution that will coincide with HUD’s standards. They recently passed affordable housing legislation, however federal housing authorities quickly struck it down.
Read More

Housing industry's biggest trade groups push FHA to reconsider PACE rules

Concerned about energy improvement loans being given super priority status
Last month, the Department of Housing and Urban Development and the Federal Housing Administration announced that the FHA will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage. But the fine print of the new rules has the housing industry's largest trade groups concerned.
Read More

HUD program offers investors a discount on default properties

Investment strategy should include claims without conveyance of title program
Because many servicers and investors are new to the CWCOT program, Chronos Solutions offers high-touch service that walks them through the whole auction process. Whether the property is being sold through a live auction at the courthouse or through an online auction process, Chronos maintains close contact with the bidders through RealtyBid.
Read More

Obama administration presents a look at life after HAMP

Feds provide a preview of what's next
Time is ticking on the government's Home Affordable Modification Program and Home Affordable Refinance Program, as both will end on Dec. 31, 2016. In a comprehensive report published Monday, the Treasury, HUD, and the FHFA say that while these programs are set to end this year, the government plans to continue working with the mortgage industry on various loss mitigation programs moving forward, but caution that the industry needs to be prepared to do more.
Read More

Monday Morning Cup of Coffee: Is housing talk finally coming to the 2016 election?

A full rundown of all things housing in the race for the White House
Well, we're smack dab in the middle of election season now, and housing is thus far, decidedly not on the agenda. But is that all about to change? While Republican nominee Donald Trump didn't touch on housing in his acceptance speech last week, the Republican Party platform does call for significant changes to the country's housing finance system. As for the Democrats, the party made two big moves over the weekend that could bring housing into the conversation.
Read More

FHA to begin insuring mortgages with PACE loans

No super priority loans allowed
The Federal Housing Administration will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage, the Department of Housing and Urban Development announced Tuesday. Here are all the details.
Read More

HUD Secretary Castro broke election law with Clinton endorsement

Investigation finds Castro violated Hatch Act in interview with Katie Couric
Department of Housing and Urban Development Secretary Julián Castro, rumored to be on former Secretary of State Hillary Clinton's shortlist for vice president, violated federal election law when discussing and endorsing Clinton during an April interview with Yahoo News. Here's the full story.
Read More

Study: Recent changes to reverse mortgage rules cut default risk in half

New report from Center for Retirement Research at Boston College lauds HECM program
A new study from the Center for Retirement Research at Boston College states that recent changes made to the rules governing reverse mortgages, specifically those that are part of the government's Home Equity Conversion Mortgages program, will dramatically cut the risk of default for borrowers.
Read More