Trending Thursday: More McMansions, Ferguson home values and more

Trending Thursday: More McMansions, Ferguson home values and more

Plus the real truth about whether renters really want to buy

Exclusive: Redfin’s chief economist answers 5 tough questions

Nationalizing the GSEs, the silver bullet for Washington policy and more

HUD: Associated Bank ‘redlining’ settlement largest ever

HUD Secretary Castro says settlement “sends a strong message”
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Items Tagged with 'Mutual Mortgage Insurance Fund'

ARTICLES

Mr. Castro went to Washington…and it was pointless

Republicans batter HUD secretary with bluster but offer no solutions
Ben Lane
Maybe it was naïve of me, but I truly thought that a hearing titled, “The Future of Housing in America: Oversight of the Federal Housing Administration,” hosted by the House of Representatives Committee on Financial Services and featuring HUD Secretary Julián Castro would actually, you know, accomplish something…anything. But I was so incredibly wrong.
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HUD's Castro grilled on FHA premiums, capital strength

Hensarling: "You are in violation of the law"
Brena Swanson
The Committee on Financial Services grilled the Secretary for the U.S. Department of Housing and Urban Development Julian Castro Wednesday morning to unveil the status of the housing regulator. And while there were members that supported the work, it quickly turned into a heated interrogation on the potential threat and impact to the America taxpayer.
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Monday Morning Cup of Coffee: The 4 shifts needed to boost new home sales

Castro to face grilling by House committee; ABS Vegas preview
Ben Lane
What four things do builders and developers need to do to boost new home sales? What's expected at ABS Vegas this week? And what kind of reception will HUD Secretary Julián Castro receive from the House Financial Services Committee this week? Those answers and more contained herein.
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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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Castro: Broad support for ending Fannie Mae and Freddie Mac

Will it be a priority in the administration’s final two years?
Brena Swanson
While the complete overhaul of the government-sponsored enterprises has continuously been an issue in Washington, it has not always been a top priority. Well, it may now be back at the top of the pile for priorities.
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Mortgage insurance back in black in latest FHA actuarial report

Aggressive post-crisis policies improve MMI outlook
Trey Garrison
The Federal Housing Administration released Monday its actuarial report on the Mutual Mortgage Insurance Fund for single-family programs, and it shows the financial health of the regulating agency improved dramatically but that it still has a way to go with its finances.
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CBO: FHA reform bill could save government $514M

Insurance premiums would rise to meet capital requirements
Kerri Ann Panchuk
The Senate proposed FHA Solvency Act could reduce federal discretionary spending by $514 million over a four-year period of time while forcing the FHA to build up to a 3% capital ratio, the Congressional Budget Office said.
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HUD’s bid to sell soured mortgages stops short

Christina Mlynski
The sales are an attempt by HUD to stem losses from its Mutual Mortgage Insurance fund, while providing an alternative for distressed borrowers that are on the brink of foreclosure. Even though investors did not meet the reserve requirements, the agency will carry on with business as usual.
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FHA sounds alarm on CBO data

Disputes data on the MMI fund, single-family mortgage program
Christina Mlynski
The Federal Housing Administration sounded the alarm on a new Congressional Budget Office report, disputing some of its findings on the mutual mortgage insurance fund and the FHA single-familiy mortgage guarantee program.
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FHA bailout pushes federal deficit to $22B

MMI fund to reach its capital ratio requirement by 2017
Christina Mlynski
With the Federal Housing Administration drawing $1.7 billion from the Treasury into its Mutual Mortgage Insurance Fund for the first time in FHA history, the balance of the fund ended up costing the federal government a hefty sum.
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