Housing Finance

NAHB Urges Congress to Act on Housing Finance Reform

Filed in Capitol Hill, Housing Finance by on December 21, 2018 0 Comments
NAHB Urges Congress to Act on Housing Finance Reform

NAHB today commended House Financial Services Committee Chairman Jeb Hensarling (R-Texas) for working with lawmakers across the political aisle to develop a legislative framework to move housing finance reform forward.

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FHA Issues Final Rule Streamlining Home Warranty Requirements

Filed in Codes and Regulations, Housing Finance by on December 17, 2018 0 Comments
FHA Issues Final Rule Streamlining Home Warranty Requirements

The rule would eliminate the regulations that require borrowers to purchase 10-year protection plans in order to qualify for certain mortgages on newly-constructed single-family homes.

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HUD Announces New FHA Loan Limits for 2019

Filed in Housing Finance by on December 14, 2018 0 Comments

The nationwide rise in median home prices indicates most buyers across the country — including those in more than 3,000 counties — will see increases.

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NAHB Issues Statement on Nomination of Mark Calabria as New FHFA Director

Filed in Housing Finance by on December 12, 2018 0 Comments

NAHB congratulates Mark Calabria on his nomination as the new director of the Federal Housing Finance Agency. His extensive experience with housing finance issues provides an outstanding background for this opportunity.

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Fannie, Freddie Raise Conforming Loan Limits for 2019

Filed in Housing Finance by on November 27, 2018 0 Comments
Fannie, Freddie Raise Conforming Loan Limits for 2019

The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2019 will increase to $484,350 from $453,100.

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Regulators Propose Expanding Appraisal Exemption on Home Sales

Filed in Housing Finance by on November 26, 2018 3 Comments
Regulators Propose Expanding Appraisal Exemption on Home Sales

The Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve have issued a proposed rule to raise the threshold from $250,000 to $400,000 on required appraisals for residential real estate transactions.

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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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