Housing Finance

FHFA Restructures Fannie Mae, Freddie Mac Multifamily Lending Caps

Filed in Housing Finance, Multifamily by on September 13, 2019 0 Comments
FHFA Restructures Fannie Mae, Freddie Mac Multifamily Lending Caps

The Federal Housing Finance Agency (FHFA) announced today that multifamily lending caps for Fannie Mae and Freddie Mac will be $100 billion for each enterprise for the five-quarter period from the final quarter of 2019 all the way through 2020. The new caps apply to all multifamily business, with no exclusions.

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NAHB Statement: Congress Must Act on Administration’s Housing Finance Reform Plan

Filed in Capitol Hill, Housing Finance by on September 10, 2019 0 Comments
NAHB Statement: Congress Must Act on Administration’s Housing Finance Reform Plan

NAHB calls on Congress to move forward with housing finance reform and stands ready to work with Congress, the administration and other stakeholders in the effort to achieve meaningful reform.

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NAHB Statement on the Administration’s Housing Finance Reform Plan

Filed in Housing Finance by on September 5, 2019 2 Comments
NAHB Statement on the Administration’s Housing Finance Reform Plan

The release of the Trump administration’s reform plan is an important step forward in the long-term effort to bring a robust and lasting framework to the nation’s housing finance system.

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FHA Announces New Condo Approval Rule

Filed in Housing Finance by on August 16, 2019 0 Comments
FHA Announces New Condo Approval Rule

The Federal Housing Administration (FHA) this week published a final regulation that establishes a new condominium approval process.

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Why Lower Interest Rates are Not Boosting the Housing Market

Filed in Affordability, Economics, Housing Finance by on August 8, 2019 3 Comments
Why Lower Interest Rates are Not Boosting the Housing Market

Recent jolts to the economy stemming in part from an intensified trade war with China have worried markets and resulted in a significant decline in interest rates as investors have shifted from equity to bonds. Lower interest rates present an opportunity for the housing market, which has failed so far to respond energetically to this positive development due to prior housing affordability headwinds.

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Fed Rate Cut Good for Housing

Filed in Economics, Housing Finance by on July 31, 2019 0 Comments
Fed Rate Cut Good for Housing

In a policy change widely expected and good for housing and home building, the Federal Reserve today reduced its key, short-term federal funds rate by 25 basis points to a top rate of 2.25%. The housing sector continues to face affordability headwinds, and today’s action by the Fed will help by reducing borrowing costs.

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HUD Suspends Downpayment Assistance Rule Change

Filed in Housing Finance by on July 25, 2019 0 Comments
HUD Suspends Downpayment Assistance Rule Change

HUD issued a notice to lenders on July 23 announcing it is suspending a previously announced rule change that would restrict the operation of downpayment assistance programs beyond state borders.

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Rural Housing Service Publishes Final Rule to Encourage Single-Close Loans

Filed in Housing Finance by on July 22, 2019 0 Comments
Rural Housing Service Publishes Final Rule to Encourage Single-Close Loans

A final rule by the Rural Housing Service (RHS) published July 22 in the Federal Register will provide increased flexibility for the agency to facilitate and encourage single-close construction loans, which will stimulate new construction, rehabilitation and homeownership in rural areas.

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Trump Signs Bill Into Law that Abolishes VA Loan Limits

Trump Signs Bill Into Law that Abolishes VA Loan Limits

President Trump has signed a veterans health bill into law that also abolishes the conforming loan limits on VA loans beginning Jan. 1, 2020 for veterans who do not have an outstanding loan guaranteed by the Department of Veterans Affairs.

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Alaska Building Pros Learn the Ins and Outs of Green Building Valuation

Alaska Building Pros Learn the Ins and Outs of Green Building Valuation

A home’s green-building features can be tricky to value appropriately if the appraiser isn’t adequately equipped with the proper knowledge and tools to understand these components and how they impact the value of a home.

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