Archives For: Industry Updates
HUD Looks Back on 2021 Accomplishments
The U.S. Department of Housing and Urban Development (HUD) this year took bold action in pursuit of the agency’s mission to create strong, sustainable, inclusive communities and quality affordable homes.
3 Jan 2022
Forbearances Drop Below 1 Million, Exits Slow
The first monthly forbearance report was released Monday, supporting that the number of loans remaining in the program is less than 1 million.
21 Dec 2021
More People are Skipping Housing Payments Now that Protections are Over
Early in the COVID-19 pandemic, protections were put into place to help homeowners and tenants who couldn’t keep up with their mortgage and rent payments. Homeowners were allowed to put their mortgages into forbearance and pause payments for up to 18 months, while eviction bans protected tenants who couldn’t pay rent due to job loss or another financial hardship.
20 Dec 2021
Alanna McCargo Named Ginnie Mae President
On Tuesday, Dec. 14, the U.S. Senate confirmed Alanna McCargo as president of Ginnie Mae—a position that hasn’t been permanently filled since 2017.
16 Dec 2021
FHFA Proposes Capital Planning Rule for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) today issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain, and submit annual capital plans to FHFA.
16 Dec 2021
Six More Kentucky Counties Eligible for FEMA Assistance
Six additional Kentucky counties have been approved for both individual and public assistance following tornadoes that took place on 12.10.21
16 Dec 2021
President Joseph R. Biden, Jr. Amends Kentucky Major Disaster Declaration
The President has amended the original declaration issued on December 12 to include additional federal funding for affected individuals.
15 Dec 2021
Thompson Nominated to Serve Full Term as Director of FHFA
President Biden has nominated Sandra Thompson to serve a full five-year term as director of the Federal Housing Finance Agency
15 Dec 2021
Freddie Mac Confirms Immediate Mortgage Relief Options for Homeowners Affected by Tornado Outbreaks
Freddie Mac today reminded homeowners and mortgage servicers of its immediate disaster relief options for those affected by the outbreak of tornadoes in Kentucky and the surrounding areas.
14 Dec 2021
Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Assistance Options Following Recent Tornadoes in Central and Southern States
Fannie Mae is reminding homeowners and renters impacted by the recent tornadoes in communities across Kentucky, Missouri, Illinois, Tennessee, Arkansas and Mississippi of available mortgage relief options.
14 Dec 2021