Housing Finance

FHA Proposes Clarification for Lenders to Increase Program Participation

Filed in Housing Finance by on May 10, 2019 0 Comments
FHA Proposes Clarification for Lenders to Increase Program Participation

The Federal Housing Administration (FHA) announced on May 9 that it is proposing several revisions to its lender certification requirements with the goal of providing lenders and servicers greater certainty in how to satisfy the agency’s compliance requirements.

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FHA Significantly Cuts Costs for Opportunity Zone Investors

Filed in Housing Finance, Multifamily by on May 9, 2019 0 Comments
FHA Significantly Cuts Costs for Opportunity Zone Investors

The Federal Housing Administration (FHA) announced today that it is reducing fees to provide greater incentives for multifamily developers to invest in Opportunity Zones across the nation.

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NAHB Podcast Offers New Insights on Housing Economics

NAHB Podcast Offers New Insights on Housing Economics

On this week’s episode of Housing Developments, NAHB Chief Economist Robert Dietz shares his 2019 economic forecast for the industry and what the recent change in the NAHB/Wells Fargo Housing Market Index means for builders.

NAHB CEO Jerry Howard and guest host Paul Lopez, VP of Communications & Public Affairs, also discuss Mark Calabria’s confirmation as director of the Federal Housing Finance Agency, housing finance reform and the state of the labor force.

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Momentum Builds for Housing Finance Reform Plan With Proper Federal Support

Filed in Capitol Hill, Housing Finance by on April 15, 2019 0 Comments
Momentum Builds for Housing Finance Reform Plan With Proper Federal Support

NAHB continues to play a pivotal role in the housing finance reform debate, as CEO Jerry Howard attended today’s swearing-in ceremony of Mark Calabria as the new director of the Federal Housing Finance Agency. The Wall Street Journal today also published an NAHB letter to the editor that shows why a proper level of federal support is needed for the nation’s mortgage markets.

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NAHB Congratulates Mark Calabria as New FHFA Director

Filed in Housing Finance by on April 4, 2019 0 Comments
NAHB Congratulates Mark Calabria as New FHFA Director

Mark Calabria brings considerable housing finance experience to the job. NAHB looks forward to working with him to advance comprehensive housing finance reform.

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Lower Mortgage Rates Bolster Market Activity

Filed in Economics, Housing Finance by on April 3, 2019 0 Comments
Lower Mortgage Rates Bolster Market Activity

Mortgage rates dropped for the third straight month in February, with the 30-year fixed-rate mortgage (FRM) commitment rate decreasing to 4.37% from 4.46% in January. As a result, lending interest has increased, as more borrowers are likely to be eligible.

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NAHB Commends Trump Memorandum on Housing Finance Reform

Filed in Capitol Hill, Housing Finance by on March 27, 2019 2 Comments
NAHB Commends Trump Memorandum on Housing Finance Reform

NAHB today commended President Trump for putting housing finance reform at the top of the national agenda and signing a memorandum directing relevant agencies to develop a plan that will help more Americans achieve the dream of homeownership.

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Crapo’s Housing Finance Reform Plan Moves the Debate Forward

Filed in Capitol Hill, Housing Finance by on March 26, 2019 0 Comments
Crapo’s Housing Finance Reform Plan Moves the Debate Forward

NAHB today commended Senate Banking Committee Chairman Mike Crapo for developing his housing finance reform proposal and believes it will serve as an important marker to move the debate forward in Congress. Testifying on this issue before the Senate Banking Committee, Chairman Greg Ugalde said that an effective housing finance system must address liquidity as well as affordability.

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Fed Action Bodes Well for Mortgage Rates

Filed in Economics, Housing Finance by on March 25, 2019 0 Comments
Fed Action Bodes Well for Mortgage Rates

The Federal Reserve’s decision last week to hold short-term interest rates steady, along with two other key announcements by the central bank, should reduce upward pressure on mortgage interest rates for the foreseeable future.

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Va. Governor Signs Affordable Housing Fee Waiver Bill

Filed in Home Building, Housing Finance by on March 22, 2019 0 Comments
Va. Governor Signs Affordable Housing Fee Waiver Bill

Virginia Governor Ralph Northam last week Signed HB 2229, legislation aimed at reducing impediments to the financing, development and construction of affordable housing units. The bill will be become effective July 1, 2019.

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