Archives For: HUD
FHA Issues Guidance on Property Preservation Expenses
The Department of Housing and Urban Development issued a mortgagee letter aimed at clarifying contingencies around property protection and preservation reimbursement for loans that have a first legal foreclosure action filed on or after March 31.
30 Mar 2022
HUD will get $65.7 Billion Spending Budget in 2022 Omnibus Bill
HUD will receive $65.7 billion in funding as part of the 2022 Omnibus Bill which is expected to be signed into law by President Biden.
11 Mar 2022
HUD Awards $1.4 Million to Support Housing Counseling Programs in New Jersey
HUD has awarded $1.4 million in housing counseling grants to help agencies in NJ in their critical work to stem the tide of the pandemic’s impact on housing.
26 Jan 2022
FHA Expands Real-Estate Owned Property Purchase Opportunities for Owner-Occupant Buyers
The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and governmental entities to submit bids for the purchase of these homes before they become eligible for purchase by investors.
13 Jan 2022
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
Non-Profit Bidders Successfully Purchase more than 800 Mortgage Notes through HUD-Held Vacant Loan Sale
Non-profit bidders successfully purchased more than 800 mortgage notes through a HUD-held vacant loan sale in early December.
13 Dec 2021
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
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
HUD Issues ANPR on New Non-LIBOR Index Rate for ARMs
HUD issued an advanced notice of proposed rulemaking regarding adoption of a new index rate for FHA-insured adjustable rate mortgages (ARMs), as the previously-used London Interbank Offered Rate (LIBOR) is set to be discontinued.
21 Oct 2021
New HUD Rule Aims to Prevent Public Housing Evictions
A proposed HUD rule will ban evictions without giving tenants 30-days’ notice and providing info on available federal emergency assistance.
11 Oct 2021