Housing Finance

Higher Loan Limits a Catalyst for Home Sales

Filed in Economics, Homeownership, Housing Finance by on July 31, 2017 0 Comments
Higher Loan Limits a Catalyst for Home Sales

Affordability is a top concern for more home shoppers. That’s why last year NAHB helped push for higher limits on single-family loans. Increasing the limits has resulted in lower borrowing costs for home buyers, and helped spur home sales thus far in 2017.

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Proposal Would Raise Appraisal Threshold on Commercial Real Estate Loans

Filed in Housing Finance by on July 19, 2017 0 Comments
Proposal Would Raise Appraisal Threshold on Commercial Real Estate Loans

The Federal Reserve Board, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency today issued a notice proposing to increase the threshold form requiring an appraisal on commercial real estate loans from the current level of $250,000 to $400,000.

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CFPB Publishes Final ‘Know Before You Owe’ Rule

Filed in Codes and Regulations, Housing Finance by on July 10, 2017 0 Comments
CFPB Publishes Final ‘Know Before You Owe’ Rule

The Consumer Financial Protection Bureau on July 7 published final updates to its “Know Before You Owe” mortgage rule, offering amendments on finance charge disclosures, disclosures tied to housing assistance that a borrower receives, and when information can be shared with third-parties, including real estate agents.

Of particular interest to NAHB, the final rule clarifies disclosures for construction and construction-to-permanent loans addressing many of the concerns lenders have expressed in making these loans.

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FHFA Proposes New Housing Goals for Fannie Mae, Freddie Mac

Filed in Housing Finance by on July 7, 2017 0 Comments
FHFA Proposes New Housing Goals for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency (FHFA) has proposed new housing goals for Fannie Mae and Freddie Mac for 2018 through 2020.

The housing goals are for mortgages purchased by the two government-sponsored enterprises. They include separate categories for single-family and multifamily mortgages on housing that is affordable to low-income and very low-income families, among other categories.

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New Maps Pinpoint Low-Income Housing Development Opportunities

New Maps Pinpoint Low-Income Housing Development Opportunities

NAHB has a new resource for industry professionals interested in providing homes for lower-income families and learning more about development and financing opportunities using the Low Income Housing Tax Credit.

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FDIC Chief Discusses Banking Issues with NAHB Leadership

Filed in Codes and Regulations, Housing Finance by on June 15, 2017 0 Comments
FDIC Chief Discusses Banking Issues with NAHB Leadership

NAHB Senior Officers today met with Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg to address banking issues of concern to our members. The discussion focused on regulatory barriers to acquisition, development and construction financing by banking institutions — particularly community banks.

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NAHB Officers Hold Productive Talks with HUD Secretary Carson

Filed in Codes and Regulations, Housing Finance by on June 14, 2017 2 Comments
NAHB Officers Hold Productive Talks with HUD Secretary Carson

In a broad agenda focusing on regulatory reform and housing affordability, NAHB senior officers today held productive talks with HUD Secretary Ben Carson.

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Finance Changes Shaping the Housing Market

Finance Changes Shaping the Housing Market

In his remarks in the latest issue of Eye on the Economy, NAHB Chief Economist Robert Dietz provided his insights on the state of the economy as it relates to the home building industry, highlighting changes in interest rates, loan availability and housing demand.

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Treasury Secretary Testifies Before Senate Banking Committee

Filed in Capitol Hill, Housing Finance by on May 19, 2017 0 Comments
Treasury Secretary Testifies Before Senate Banking Committee

Treasury Secretary Steven Mnuchin testified on May 18 before the Senate Banking Committee and discussed a broad range of topics of interest to the home building community. View the key issues from the two-hour Q&A session before the Senate panel.

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Patenaude is Trump’s Choice for Deputy HUD Secretary

Filed in Codes and Regulations, Housing Finance by on April 28, 2017 4 Comments

President Trump will nominate Pamela Patenaude as the new HUD Deputy Secretary, the White House announced today. NAHB Chairman Granger MacDonald commended the decision in a press statement.

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