Items Tagged with 'HUD'

ARTICLES

  • 6 Questions with 6 HUD Executives, Ep. 4: HUD CFO Irving Dennis

    Why he's pushing for rigorous financial oversight at the agency
    HUD CFO Irving Dennis joined the agency earlier this year after nearly four decades at Ernst & Young, where he was a partner overseeing the audits of major S&P 500 companies. In episode 4 of HousingWire's exclusive podcast series with HUD execs, Dennis talks about his move to the public sector and the passion that drives him.  
    Read More
  • Here are the top 10 reverse mortgage lenders

    And these are the different approaches they’re taking to survive the down market
    The reverse mortgage industry has taken a bit of a beating in the past year following significant program changes from HUD, but HECM lenders are nothing if not resilient. We’ve compiled a list of the top 10 players in the space and a summary of the approach each has taken to stay afloat in the current climate.
    Read More
  • HUD awards $47 million grant to housing counseling agencies

    Funding is crucial to success of reverse mortgage program
    The U.S. Department of Housing and Urban Development announced Wednesday that it has awarded $47 million in housing counseling grants. Some of the grant money went to agencies that offer reverse mortgage counseling, and the influx of cash will be crucial to keeping them in business and keeping the HECM program alive.
    Read More
  • 6 Questions with 6 HUD Executives, Ep. 3: FHA Commissioner Brian Montgomery

    In this exclusive interview, Montgomery discusses tech development at HUD and more
    Brian Montgomery's role as FHA commissioner is a far cry from back when he thought he’d become a geologist, before housing “got into [his] blood,” as he tells HousingWire Editor-in-Chief Jacob Gaffney in our latest, exclusive podcast series: 6 Questions for 6 HUD Executives.
    Read More
  • How will FHA’s new HECM appraisal rules affect reverse mortgage lending?

    AMCs weigh in on the mandate requiring second appraisals on select loans
    The latest change to the reverse mortgage program was just announced, and it requires a second appraisal on select HECM loans. Now, the industry is abuzz with speculation as to just how impactful the new requirement will be. Will turn-times slow down? Will the loan be more expensive for most borrowers? We talked to appraisal management companies to find out.
    Read More
  • 6 Questions with 6 HUD Executives, Ep. 2: Deputy Secretary Pam Patenaude

    On the ground with disaster recovery
    Who brings housing hope to those deeply impacted by natural disasters? Who will help the 117,000 FHA-backed homeowners of Puerto Rico? In the second episode of exclusive podcast series, 6 Questions with 6 HUD Executives, Editor-in-Chief Jacob Gaffney speaks with HUD Deputy Secretary Pamela Hughes Patenaude about disaster recovery, the impact of the opioid epidemic and the interconnected nature of the nation's housing policy.
    Read More
  • Redfin: Supply of for-sale homes surge in the West

    San Jose experienced the largest year-over-year supply increase across U.S. metros
    Redfin reports after more than six years of tight supply and surging home prices, the third quarter of 2018 has been a critical moment for the housing market in many West Coast metro areas. Notably, San Jose experienced the largest year-over-year supply increase across the country.
    Read More
  • 6 Questions with 6 HUD Executives, Ep. 1: Secretary Ben Carson

    In this episode, Carson discusses the state of affordable housing, faith, housing solutions and more
    Welcome to the inaugural episode of HousingWire's new, exclusive podcast, 6 questions with 6 HUD Executives. In this episode, Editor-in-Chief Jacob Gaffney interviews Secretary Ben Carson about his goals, motivations, the state of affordable housing and more.
    Read More
  • It’s been one year since HUD shook up the reverse mortgage industry

    With 10/2 program changes firmly in the rearview, how did the industry fare, and what’s ahead for players in the space?
    Tuesday marked exactly one year since HUD implemented HECM program changes in a move that took lenders by surprise and drastically impacted the reverse mortgage business. It’s been a rocky year as originators attempted to adjust to the new normal, and it seems no one got out unscathed. Will product innovation help the industry find its footing, or will another round of program changes knock it off its feet?
    Read More
  • New home sales increase, but remain underwhelming

    Despite 3.5% uptick in August, numbers are lackluster
    Sales of new single-family houses increased 3.5% to 629,000 in August, up from July’s 608,000 sales and 12.7% above sales in August last year. Zillow Senior Economist Aaron Terrazas said it’s a sign of the times that what might normally be seen as lackluster new home sales is likely to be warmly received.
    Read More