Housing Finance

CFPB Finalizes ‘Know Before You Owe’ Rule

Filed in Codes and Regulations, Housing Finance by on April 27, 2018 0 Comments
CFPB Finalizes ‘Know Before You Owe’ Rule

The Consumer Financial Protection Bureau (CFPB) has announced that it has finalized an amendment to its “Know Before You Owe” mortgage disclosure rule that addresses when mortgage lenders with a valid justification may pass on increased closing costs to consumers.

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NAHB Holds Productive Meeting with Treasury Secretary

Filed in Housing Finance, Leadership by on April 25, 2018 2 Comments
NAHB Holds Productive Meeting with Treasury Secretary

The U.S.-Canada softwood lumber trade dispute, housing finance reform and tax-related housing issues were on the agenda when NAHB Senior Officers recently met with Treasury Secretary Steve Mnuchin in Washington, D.C.

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Federal Regulators Approve Doubling Appraisal Threshold for CRE Transactions

Filed in Housing Finance by on April 4, 2018 0 Comments
Federal Regulators Approve Doubling Appraisal Threshold for CRE Transactions

The threshold for commercial real estate transactions that require an appraisal was increased from $250,000 to $500,000.

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Rural Housing Service Proposes Changes to Eligibility Maps

Filed in Housing Finance, Multifamily by on March 26, 2018 0 Comments
Rural Housing Service Proposes Changes to Eligibility Maps

The USDA Rural Housing Service (RHS) has proposed changes to certain areas eligible to receive financing for RHS housing programs. The changes could affect whether certain communities will still have access to Section 502 loans, which are used primarily to help low-income households buy homes.

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Help Your High-Performance Home Appraise as it Should

Filed in Environmental, Housing Finance by on March 12, 2018 0 Comments
Help Your High-Performance Home Appraise as it Should

As any green home builder can attest, getting accurate valuations on high-performance homes is no easy feat. The sustainability and efficiency aspects built into the building envelope are not often visible to the untrained eye. Luckily, builders can protect their investment and realize the full market potential of their home.

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HELOCS Deductible for Capital Improvements, IRS Says

Filed in Codes and Regulations, Housing Finance, Remodelers by on February 21, 2018 1 Comment
HELOCS Deductible for Capital Improvements, IRS Says

In a victory for NAHB remodelers, the IRS today issued a letter clarifying changes to home equity loans and lines of credit to confirm that households may take a tax deduction when these loans are used for home improvements.

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80 Years and Counting: More Storage, Please

Filed in Design, Home Building, Housing Finance by on February 20, 2018 0 Comments
80 Years and Counting: More Storage, Please

Despite eight decades and a multi-generation divide, prospective home buyers in 1938 expressed preferences for many of the same features and amenities favored by today’s home buyers.

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FHFA Establishes Affordable Housing Goals for Fannie Mae, Freddie Mac

Filed in Housing Finance by on February 6, 2018 0 Comments
FHFA Establishes Affordable Housing Goals for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency (FHFA) announced today it has published a final rule establishing single-family and multifamily housing goals for Fannie Mae and Freddie Mac for 2018 through 2020.

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NAHB Advocacy: Money in Your Pocket

NAHB Advocacy: Money in Your Pocket

NAHB economists have put a dollar value on selected member benefits and advocacy victories achieved in 2017. Add it up, and you get an average of $7,500 per housing start for a typical home builder.

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Capital Reserve Reinstated for Fannie Mae and Freddie Mac

Filed in Housing Finance by on December 21, 2017 0 Comments
Capital Reserve Reinstated for Fannie Mae and Freddie Mac

Federal Housing Finance Agency (FHFA) Director Mel Watt announced today that FHFA and the Treasury Department have agreed to allow Fannie Mae and Freddie Mac (the enterprises) to each maintain a $3 billion capital buffer beginning in the fourth quarter of 2017.

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