Tag: housing finance

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 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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Fannie-Freddie to Raise Conforming Loan Limits in 2017

Filed in Codes and Regulations, Housing Finance by on November 23, 2016 3 Comments
Fannie-Freddie to Raise Conforming Loan Limits in 2017

The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limit for mortgage loans acquired by Fannie Mae and Freddie Mac in 2017 will increase to $424,100 from $417,000.  This will be the first increase in the conforming loan limit since it was raised to $417,000 in 2006. The Housing and […]

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Fixing Credit Woes Key to Boosting Housing Recovery

Filed in Homeownership, Housing Finance, Leadership, Multifamily by on October 16, 2015 0 Comments
Fixing Credit Woes Key to Boosting Housing Recovery

NAHB Chairman Tom Woods, First Vice Chairman Ed Brady and Immediate Past Chairman Kevin Kelly stressed the need to fix credit problems for home builders and home buyers in order to boost the recovery during today’s New Hampshire Housing Summit at Saint Anselm College in Manchester.

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FHA Single-Family Policy Handbook Takes Effect Today

Filed in Codes and Regulations, Housing Finance by on September 14, 2015 0 Comments

The rules in the Federal Housing Administration’s (FHA) new Single-Family Housing Policy Handbook become effective today.

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USDA to Raise Upfront Fee on No-Downpayment Loans from 2% to 2.75%

Filed in Housing Finance by on July 1, 2015 0 Comments

The U.S. Department of Agriculture’s Rural Housing Service (RHS) is increasing its upfront fee paid by borrowers on a no-downpayment loan from 2% to 2.75% effective Oct. 1. According to an RHS official, the difference in monthly payments is $4.83 for a typical $135,000 loan.

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Builders Report Easing Credit Conditions for AD&C Loans

Filed in Housing Finance by on June 17, 2015 0 Comments
Builders Report Easing Credit Conditions for AD&C Loans

Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s latest quarterly survey on AD&C financing.

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The Chairman’s Corner

Filed in Uncategorized by on June 8, 2015 0 Comments
The Chairman’s Corner

NAHB Chairman Tom Woods gives an update on NAHB initiatives and noteworthy regulatory priority issues, including thoughts on Homeownership Month, Waters of the U.S., and housing finance.

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FHA Single-Family Policy Handbook Now Online

Filed in Housing Finance by on May 20, 2015 0 Comments

The Federal Housing Administration has announced that its Single-Family Policy Handbook is now available online. The handbook is designed to “help mortgagees and other participants in FHA transactions expand access to mortgage credit and make it easier to do business with FHA.”

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Get the FAQ on New Closing Rules that Take Effect Aug. 1

Filed in Homeownership, Housing Finance by on May 15, 2015 3 Comments
Get the FAQ on New Closing Rules that Take Effect Aug. 1

As NAHBNow reported last month, the Consumer Financial Protection Bureau will institute new rules on Aug. 1 regarding disclosures under the Truth in Lending Act and Real Estate Settlement Procedures Act that will affect all home builders, particularly those with a real estate lending arm. NAHB has put together a new FAQ and other resources to prepare you for the changes so that your home closings will not be delayed.

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