Housing Finance

FHA Capital Reserves Hit 12-Year High

Filed in Housing Finance by on November 14, 2019 0 Comments
FHA Capital Reserves Hit 12-Year High

The Federal Housing Administration (FHA) today released its annual report to Congress that shows the agency’s capital reserve ratio grew by more than $27.5 billion in fiscal 2019 to a total economic net worth of $62.38 billion.

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HUD and Justice Department Reach Agreement on False Claims Act

Filed in Affordability, Housing Finance by on October 29, 2019 0 Comments
HUD and Justice Department Reach Agreement on False Claims Act

In an effort to convince more banks to offer Federal Housing Administration (FHA) financing, U.S. Housing and Urban Development Secretary Ben Carson and U.S. Attorney General William Barr yesterday issued a Memorandum of Understanding (MOU) between the two agencies that sets guidance on the appropriate use of the False Claims Act (FCA) for violations by FHA lenders.

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Treasury and FHFA Allow Fannie Mae and Freddie Mac to Boost Capital Reserves

Filed in Codes and Regulations, Housing Finance by on October 1, 2019 0 Comments
Treasury and FHFA Allow Fannie Mae and Freddie Mac to Boost Capital Reserves

The Treasury Department and the Federal Housing Finance Agency (FHFA) have announced an agreement that temporarily stops the net worth sweep by Treasury of Fannie Mae’s and Freddie Mac’s (the Enterprises) profits and allows them to increase their capital reserves to $25 billion and $20 billion respectively.

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New Rule Exempts Appraisals on Certain Homes Sold for $400,000 or Less

Filed in Housing Finance by on September 27, 2019 0 Comments
New Rule Exempts Appraisals on Certain Homes Sold for $400,000 or Less

Federal regulators issued a final rule to raise the threshold from $250,000 to $400,000 for residential real estate transactions that would require an appraisal.

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FHFA Restructures Fannie Mae, Freddie Mac Multifamily Lending Caps

Filed in Housing Finance, Multifamily by on September 13, 2019 0 Comments
FHFA Restructures Fannie Mae, Freddie Mac Multifamily Lending Caps

The Federal Housing Finance Agency (FHFA) announced today that multifamily lending caps for Fannie Mae and Freddie Mac will be $100 billion for each enterprise for the five-quarter period from the final quarter of 2019 all the way through 2020. The new caps apply to all multifamily business, with no exclusions.

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NAHB Statement: Congress Must Act on Administration’s Housing Finance Reform Plan

Filed in Capitol Hill, Housing Finance by on September 10, 2019 0 Comments
NAHB Statement: Congress Must Act on Administration’s Housing Finance Reform Plan

NAHB calls on Congress to move forward with housing finance reform and stands ready to work with Congress, the administration and other stakeholders in the effort to achieve meaningful reform.

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NAHB Statement on the Administration’s Housing Finance Reform Plan

Filed in Housing Finance by on September 5, 2019 2 Comments
NAHB Statement on the Administration’s Housing Finance Reform Plan

The release of the Trump administration’s reform plan is an important step forward in the long-term effort to bring a robust and lasting framework to the nation’s housing finance system.

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FHA Announces New Condo Approval Rule

Filed in Housing Finance by on August 16, 2019 0 Comments
FHA Announces New Condo Approval Rule

The Federal Housing Administration (FHA) this week published a final regulation that establishes a new condominium approval process.

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Why Lower Interest Rates are Not Boosting the Housing Market

Filed in Affordability, Economics, Housing Finance by on August 8, 2019 3 Comments
Why Lower Interest Rates are Not Boosting the Housing Market

Recent jolts to the economy stemming in part from an intensified trade war with China have worried markets and resulted in a significant decline in interest rates as investors have shifted from equity to bonds. Lower interest rates present an opportunity for the housing market, which has failed so far to respond energetically to this positive development due to prior housing affordability headwinds.

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Fed Rate Cut Good for Housing

Filed in Economics, Housing Finance by on July 31, 2019 0 Comments
Fed Rate Cut Good for Housing

In a policy change widely expected and good for housing and home building, the Federal Reserve today reduced its key, short-term federal funds rate by 25 basis points to a top rate of 2.25%. The housing sector continues to face affordability headwinds, and today’s action by the Fed will help by reducing borrowing costs.

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