Housing Finance

FHA Capital Reserves Post Healthy Gain, but HUD Signals No Sign of a Premium Cut

Filed in Housing Finance by on November 15, 2018 0 Comments
FHA Capital Reserves Post Healthy Gain, but HUD Signals No Sign of a Premium Cut

The Federal Housing Administration (FHA) today released its annual report to Congress that shows the agency’s capital reserve ratio grew by more than $8 billion in fiscal 2018 to a total economic net worth of $34.86 billion. However, FHA Commissioner Brian Montgomery indicated it is still premature to consider a mortgage insurance premium cut in the near term.

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Statement from NAHB Chairman Randy Noel on FHA Actuarial Report

Filed in Housing Finance by on November 15, 2018 0 Comments
Statement from NAHB Chairman Randy Noel on FHA Actuarial Report

The FHA report is very encouraging and shows a marked upturn in the health of the FHA Mutual Mortgage Insurance Fund.

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Fannie Mae, Freddie Mac Multifamily Lending Caps Hold Steady in 2019

Filed in Housing Finance, Multifamily by on November 6, 2018 0 Comments
Fannie Mae, Freddie Mac Multifamily Lending Caps Hold Steady in 2019

The Federal Housing Finance Agency (FHFA) announced today that multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each enterprise in 2019, unchanged from the 2018 caps.

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FHA Extends Multifamily Risk-Sharing Initiative Through Dec. 31

Filed in Housing Finance, Multifamily by on October 1, 2018 0 Comments
FHA Extends Multifamily Risk-Sharing Initiative Through Dec. 31

The Federal Housing Administration will extend its multifamily risk-sharing initiative with the Federal Financing Bank for eligible housing finance agencies through Dec. 31, 2018.

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Appraisal Proposal Would Increase Threshold for Non-Residential Properties

Filed in Codes and Regulations, Housing Finance by on September 21, 2018 0 Comments
Appraisal Proposal Would Increase Threshold for Non-Residential Properties

The National Credit Union Administration is accepting comments on a proposed rule to amend the agency’s regulation requiring real estate appraisals for certain transactions.

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Banking Agencies Propose Modifications to Commercial Real Estate Rule

Filed in Housing Finance by on September 18, 2018 0 Comments
Banking Agencies Propose Modifications to Commercial Real Estate Rule

Three banking agencies – the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency – on Sept. 18 invited public comment on a proposed rule to modify the agencies’ capital rules for high volatility commercial real estate.

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FHFA Proposes New Rulemaking on Uniform Mortgage-Backed Securities

Filed in Housing Finance by on September 12, 2018 0 Comments
FHFA Proposes New Rulemaking on Uniform Mortgage-Backed Securities

The Federal Housing Finance Agency (FHFA) announced it is issuing a proposed rule to require Fannie Mae and Freddie Mac (the Enterprises) to align programs, policies, and practices that affect the prepayment rates of “To-Be-Announced” (TBA)-eligible mortgage-backed securities (MBS).

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A 10-Year Anniversary Highlights Need for Housing Finance Reform

Filed in Housing Finance, Leadership by on September 6, 2018 0 Comments
A 10-Year Anniversary Highlights Need for Housing Finance Reform

With Fannie Mae and Freddie Mac now marking their tenth year of conservatorship, NAHB today called on Congress to make it a priority to enact comprehensive reform to the nation’s housing finance system.

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GSE Reform Needed Now, Coalition Says

Filed in Capitol Hill, Housing Finance, Leadership by on September 5, 2018 0 Comments
GSE Reform Needed Now, Coalition Says

NAHB has joined a coalition of 30 trade associations in the real estate, lending and home building industries to urge Congress and the Trump administration to lock in recent reforms to Fannie Mae and Freddie Mac and take the status of these GSEs out of limbo.

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NAHB to Weigh In on Updating Community Reinvestment Act Regulations

Filed in Codes and Regulations, Housing Finance by on August 30, 2018 0 Comments
NAHB to Weigh In on Updating Community Reinvestment Act Regulations

The Office of the Comptroller of the Currency has announced it is seeking comments on modernizing Community Reinvestment Act (CRA) regulations and NAHB intends to weigh in.

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