Kelsey Ramírez is an Associate Editor at HousingWire. In this role she spearheads the production of HW Magazine. Ramírez is a journalism graduate of University of Texas at Arlington. She previously covered hard issues such as homelessness and domestic violence.
Cities continue to tighten their grip around Airbnb and other short-term rental sights, and Santa Monica, California, is no different. In the latest loss, Airbnb and HomeAway will be liable for illicit rentals on their sites, and will be required to remove them in the city with some of the most stringent short-term rental laws.
Both Democrats and Republicans agree the National Flood Insurance Program is in need of reform, however, they disagree on how to accomplish it. The House Financial Services Committee held a hearing Wednesday entitled Preparing for the Storm: Reauthorization of the National Flood Insurance Program, in order to discuss the issue and hear from experts in the subject.
President Donald Trump announced his budget proposal Monday for fiscal year 2020, including a nearly 7% increase from HUD’s 2019 budget proposal. But while the budget might be up, there’s a catch. The new proposal is actually down significantly from 2019’s enacted budget.
In a hearing, Democrats from the House of Representatives sought to convince the new director of the Consumer Financial Protection Bureau to make changes to how the bureau operates under President Donald Trump’s administration.
Talk of housing reform is heating up, and now several members of the housing industry are encouraging the FHFA not to go too fast, and to make sure affordable housing remains a priority throughout the process.
While interest rates fell in recent weeks, January’s prepayment rate neared a two-decade low, according to the latest First Look report from Black Knight. The report showed seasonal reductions in home sales outweighed any interest-rate-driven increase in refinance incentive.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.