Archives For: Featured Resources
HUD Allocates More than $2 Billion to Advance Equitable Disaster Recovery, Build Climate Change Resilience
The U.S. Department of Housing and Urban Development today announced the allocation of more than $2 billion ($2,040,617,000) in CDBG-Disaster Recovery and CDBG-Mitigation funds appropriated in the continuing resolution, the Extending Government Funding and Delivering Emergency Assistance Act, signed into law on September 30, 2021.
1 Nov 2021
FEMA Declared Disaster Connecticut Remnants of Hurricane Ida
FEMA issued a Major Disaster Declaration for areas of Connecticut affected by remnants of Hurricane Ida on Sept. 1-2, 2021.
30 Oct 2021
HUD Employees Receive Management Excellence Award
A group of U.S. Department of Housing and Urban Development employees on Thursday were awarded the 2021 Samuel J. Heyman Service to America Medals.
29 Oct 2021
FHFA Proposes New Disclosure Requirements for Fannie and Freddie
The Federal Housing Finance Agency is proposing public disclosure requirements for Fannie Mae and Freddie Mac that would closely align with international standards for large banks.
27 Oct 2021
New York Community says Flagstar Deal won’t Close Until 2022
New York Community Bancorp no longer expects to complete its pending bank acquisition this year. The Long Island-based company doesn’t anticipate that state and federal regulators will approve its $2.6 billion deal to buy Flagstar Bancorp in Troy, Michigan, before the end of the year.
27 Oct 2021
FHA Posts Draft HECM Program Sections of Handbook 4000.1
FHA recently posted the draft Home Equity Conversion Mortgage (HECM) Origination through Servicing sections of its Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1) for stakeholder review and feedback. The draft sections are available online for industry feedback through Monday, November 15, 2021.
27 Oct 2021
The State with the Most Foreclosures
Foreclosures plagued the real estate market during the Great Recession. Home prices plunged so much in some areas that people lost all their home equity and even faced situations in which the value of their mortgages was higher than the value of their homes. Los Angeles, Phoenix and Las Vegas were hit particularly hard.
26 Oct 2021
FEMA Declared Disaster Virginia Flooding, Landslides, and Mudslides
FEMA issued a Major Disaster Declaration for areas of Virginia affected by flooding, landslides, and mudslides that occurred August 30-31, 2021.
26 Oct 2021
Freddie Mac: Mortgage Serious Delinquency Rate Decreased in September
Freddie Mac reported that the Single-Family serious delinquency rate in September was 1.46%, down from 1.62% in August. Freddie’s rate is down year-over-year from 3.04% in September 2020.
25 Oct 2021
FEMA Declared Disaster Delaware Remnants of Hurricane Ida
FEMA issued a Major Disaster Declaration for areas of Delaware affected by remnants of Hurricane Ida from Sept. 1 – 7, 2021.
24 Oct 2021