Housing Finance
HUD Secretary Carson to Step Down at End of Trump’s First Term
HUD Secretary Ben Carson said he intends to leave his Cabinet post at the end of President Trump’s first term. In an interview with Newsmax TV, Carson said he would “finish out this term,” adding that “I would be interested in returning to the private sector because I think you have just as much influence, maybe more, there.”
HUD Secretary Pledges to Work with Builders to Tackle Housing Affordability Crisis
Secretary of Housing and Urban Development (HUD) Dr. Ben Carson today discussed how the government and home builders can work together to tackle the nation’s affordability crisis in an address to the NAHB Board of Directors during its annual meeting in Las Vegas.
NAHB Commends Crapo Proposal to Move Housing Finance Reform Debate Forward
Senate Banking Committee Chairman Mike Crapo (R-Idaho) today released an outline to reform the nation’s housing finance system. NAHB sees this as a positive development to move forward on this important housing priority and Chairman Randy Noel issued a statement on the proposal.
Local Association Urges State to Address Region’s Housing Shortage
Affordable housing has been an ongoing concern across the United States, but has hit high-growth metropolitan areas such as San Francisco and Seattle particularly hard. The Master Builders Association of King and Snohomish Counties calls for greater action by Washington State to address affordable housing issues.
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.
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.
HUD Announces New FHA Loan Limits for 2019
The nationwide rise in median home prices indicates most buyers across the country — including those in more than 3,000 counties — will see increases.
NAHB Issues Statement on Nomination of Mark Calabria as New FHFA Director
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.
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.
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.
