Posts filtered by tags: Hud[x]


 

FHA Relaxes Appraisal, Documentation Requirements During Coronavirus Crisis

The Federal Housing Administration (FHA) on Friday evening released a new Mortgagee Letter (ML) announcing guidance for property appraisals in light of concerns related to the outbreak of the COVID-19 coronavirus. The ML also announces a modification to the re-verification of employment requirements due to the COVID-19 national emergency as declared by the president. Appraisals for properties on most new traditional forward mortgages and Home Equity Conversion Mortgages (HECMs) can now be con...
Tags: Finance, Hud, FHA, Centers for Disease Control and Prevention CDC, Department of Housing and Urban Development HUD, Federal Housing Administration FHA, Mortgagee Letter ML, COVID, FHA Appraisal Protocols, HECM Financial Assessment


Housing protections in the stimulus bill explained

The 880-page bill signed into law by Trump on Friday includes credit protections, foreclosure moratoriums and forbearance on some mortgages.
Tags: Housing, Regulations, Radio, Hud, Mortgage, Rentals, Stimulus, Foreclosure, Trump, Select, U.S. Department of Housing and Urban Development, Evicition, Fair Credit and Reporting Act


Realtors® Applaud HUD’s Timely $40M Grant Award to Combat Housing Discrimination

Washington, D.C – March 25, 2020 (nar.realtor) National Association of Realtors® President Vince Malta issued the following statement after the Department of Housing and Urban Development announced Wednesday that it will grant $40 million to organizations addressing fair housing violations across the U.S. More than $1 million is being awarded within locations designated as underserved by the Qualified Opportunity Zone program, which NAR has championed since it was established in 2017 tax reform ...
Tags: Real Estate, News, Washington, America, Radio, Hud, Malta, San Francisco CA, Carson, NAR, National Association of Realtors, Department of Housing and Urban Development, Real Estate News, The National Association of Realtors, Vince Malta, Malta Co Inc


Consumer Groups Urge HUD to Help Reverse Mortgage Borrowers During Pandemic

More than 40 consumer advocacy organizations are urging the Department of Housing and Urban Development (HUD) to do more for reverse mortgage borrowers impacted by the national coronavirus crisis, following measures spelled out by the department last week. Borrowers need more protections than currently available, say The National Consumer Law Center (NCLC) and fellow consumer groups in a letter sent Tuesday to HUD and current Federal Housing Administration (FHA) Commissioner Brian D. Montgom...
Tags: Finance, Hud, Naacp, Mancini, FHA, National Reverse Mortgage Lenders Association, National Council, Department of Housing and Urban Development HUD, Nbs, NCLC, Federal Housing Administration FHA, Mortgagee Letter, Mortgagee Optional Election MOE, National Consumer Law Center NCLC, Brian D Montgomery, Sarah Bolling Mancini


New-home sales decrease in February

New, single-family home sales decreased by 4.4 percent to a seasonally adjusted annual rate of 765,000 from January to February.
Tags: Data, Analysis, Radio, Hud, Markets & Economy, New Home Sales, U.S. Census Bureau, New Single Family Homes, Single-family Home Inventory, Single-family Home Prices


How do we protect ourselves at home during coronavirus, and what if someone has been exposed? 4 questions answered

Editor’s note: As coronavirus spreads through the country, states have closed schools and nonessential businesses and prohibited group gatherings. This leaves most of us at home, but many of us live in close quarters with other people. We asked public health experts from the UNLV School of Public Health how people can protect themselves from being infected with the new coronavirus in these situations. 1\. How do we protect ourselves from each other?The idea behind social distancing is to create ...
Tags: News, Hud, Casey Barber, Labus, UNLV School of Public Health, Shawn Gerstenberger, CDC EPA NSF


Reverse Mortgage Servicers Express Support for Foreclosure Moratorium

Last week, President Donald Trump announced that the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) would be suspending all new and pending foreclosure and eviction actions for 60 days, in an effort to provide relief to homeowners and renters who have been financially impacted by the spread of the COVID-19 coronavirus. The moratorium applies to all FHA Title II Single Family forward mortgage and Home Equity Conversion Mortgage (HECM) progr...
Tags: Featured, Finance, Regulation, Hud, Donald Trump, Bell, SVP, FHFA, LaRose, Peter Bell, HECM, Flynne, Mortgagee Letter, RMS, NRMLA, Reverse Mortgage Solutions


Reverse Mortgage Servicers Respond to Foreclosure Moratorium

Last week, President Donald Trump announced that the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) would be suspending all new and pending foreclosure and eviction actions for 60 days, in an effort to provide relief to homeowners and renters who have been financially impacted by the spread of the COVID-19 coronavirus. The moratorium applies to all FHA Title II Single Family forward mortgage and Home Equity Conversion Mortgage (HECM) progr...
Tags: Featured, Finance, Regulation, Hud, Donald Trump, Bell, SVP, FHFA, LaRose, Peter Bell, HECM, Flynne, Mortgagee Letter, RMS, NRMLA, Reverse Mortgage Solutions


Zumper fast-tracks online tour tools, presses on with hiring plans

The nation's largest rental search and transaction platform has pushed up the launch of new online tour tools to counter the "coronavirus market." HUD's call to delay evictions could have long-standing impact on property market.
Tags: Technology, Renting, Radio, Hud, Zumper, Select, News Brief, Rental Market, Apartment Market, PROPtech, Anthemos Georgiades, Coronavirus, Eviction Stay, Kelsey Grady, Online Tours


Most Renters Won’t Be Protected From Evictions Under Trump’s Plan

NEW YORK (AP) — Most Americans who rent their home, many of whom have lost their jobs in the sudden economic slowdown caused by the coronavirus outbreak, will not be eligible for eviction protections, despite what President Donald Trump said this week. Under the Department of Housing and Urban Development’s plan released Wednesday, foreclosures and evictions would stop for 60 days on single-family homes with loans through the Federal Housing Administration. That would apply to roughly 8 million ...
Tags: New York, News, Congress, Kentucky, White House, America, San Francisco, Hud, Donald Trump, Ben Carson, Trump, Carson, Housing and Urban Development, Shapiro, Los Angeles New York, Department of Housing and Urban Development


Lenders throwing lifeline to borrowers impacted by coronavirus 

A West Hollywood resident and longtime mortgage client of mine works in the arena entertainment industry — an industry hard hit by coronavirus as concerts, sporting events and the like have come to a screeching halt. She is one of the lucky ones because she still has her job and her excellent credit. But she was the first income-distressed borrower to contact me a few weeks ago about refinancing to lower her rate and payment and pull some cash out to pay off accumulated consumer debt. “I depend ...
Tags: Business, Real Estate, Housing, Los Angeles, Bank Of America, Sport, Soccer, Veterans Affairs, Va, Hud, Mortgage, Orange, Southern California, West Hollywood, Citi, Calif




Trump Orders HUD, FHFA to Suspend All Foreclosures, Evictions

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) will be suspending all foreclosures and evictions for the next 60 days in response to the economic shock renters and homeowners are experiencing due to the outbreak of the COVID-19 coronavirus. This is according to President Donald Trump, who made the announcement at a Wednesday morning press briefing at the White House. “The Department of Housing and Urban Development is providing immedia...
Tags: Finance, White House, Hud, Donald Trump, Ben Carson, Trump, State, FHA, CFPB, Consumer Financial Protection Bureau, FHFA, Department of Housing and Urban Development, Brian Montgomery, Mortgagee Letter, Federal Housing Finance Agency FHFA, Kraninger


Region’s home prices jumped 6.1% before coronavirus scare hit

What pandemic? If the novel coronavirus outbreak is having an effect on the Southern California housing market, it didn’t show up in February. Both prices and home sales were up in the six-county region from February 2019 levels, a reflection of deals signed in January — many before the first COVID-19 case showed up in the United States. The median price of a Southern California home — or the price at the midpoint of all sales — was $541,000, up 6.1% from the year before, according to a DQ News ...
Tags: Business, Real Estate, Housing, Los Angeles, Sport, Soccer, United States, San Diego, Hud, Federal Reserve, Orange County, Southern California, Trump, San Bernardino, Calif, Los Angeles Orange


Trump says HUD is suspending foreclosures and evictions

President Donald Trump said Wednesday that his administration will suspend foreclosures and evictions on homeowners at least until the end of next month.
Tags: Cnn, Hud, Donald Trump, Trump


Revan’s New Helmet Camera Is Your New Motorcycle Dashcam and Blind Spot Monitor

A Handy Camera The startup company Revan wants to make riding your motorcycle safer. It has a fancy new camera for your helmet that attached to the top of your helmet is includes a front-facing camera and a rear-facing camera. There’s also a battery pack that mounts at the back of the helmet and a handlebar-mounted control unit. You also get earphones and a microphone. Inside the helmet is a small head-up display. The system is designed to be installed on any full-face or open-face helmet.  As ...
Tags: Camera, Motorcycles, Hud, Dashcam, Motorcycle News, Revan


GAO-20-263, Working Capital Fund: HUD Could Improve Management to Better Achieve Efficiencies and Help Ensure Customer Satisfaction, March 17, 2020

The Department of Housing and Urban Development's (HUD) Working Capital Fund (WCF) is a self-sustaining fund that collects fees from HUD customers to pay for services needed across the department....
Tags: Hud, GAO, Department of Housing and Urban Development, HUD Working Capital Fund WCF


California must do a better job of helping homeless children

As Gov. Gavin Newsom noted in his 2020 State of the State address, California had the second highest increase in state homelessness in 2019. But a newly released report by State Auditor Elaine Howle found that California public schools undercounted homeless students by at least 37%. Undercounting these students means the state failed to provide these children with the needed counseling, social services connections, and transportation to help them successfully endure the homeless crisis facing th...
Tags: California, Opinion, Washington, America, Sport, Soccer, United States, Hud, John, Los Angeles City Council, Kamala Harris, Gavin Newsom, Department Of Education, State, Santa Clara County, Newsom


Coronavirus Leads HUD, CFPB to Issue Housing, Finance Updates

The U.S. Department of Housing and Urban Development (HUD) and the Consumer Financial Protection Bureau (CFPB) issued separate updates on Monday aimed at clarifying or issuing guidance to their specific sectors in the wake of increasing concern related to the outbreak of the COVID-19 coronavirus. HUD issued a new informational notice aimed to remind mortgagees of the various loss mitigation program options available to them from the Federal Housing Administration (FHA), in light of concerns r...
Tags: Finance, Hud, FHA, CFPB, Consumer Financial Protection Bureau CFPB, Federal Housing Administration FHA, Issue Housing Finance Updates


Ben Carson Won’t Share Details On Cruise Ship Docking Plan: ‘It’s Being Formulated’

The HUD secretary also said there's "no reason" a "healthy person" should not attend a political rally for Donald Trump.
Tags: News, Hud, Ben Carson


World Bank: Overcoming Major Barriers in U.S. Reverse Mortgage Market

Reverse mortgages have significant potential in serving aging parts of the global population, and can allow more seniors to make financial ends meet in retirement since loan proceeds can be applied to a multitude of scenarios. However, some key market realities and roadblocks with universal application to multiple parts of the world have kept reverse mortgages from flourishing in both well- and under-developed economies alike. This is according to a newly-published policy paper authored by re...
Tags: Featured, Finance, Data, United States, Hud, World Bank, Stewart, The Financial Conduct Authority, HECM, FIONA STEWART, Peter Knaak Margaret Miller


Ben Carson Refuses to ‘Preview’ Administration’s Plan to Handle Cruise Ship’s Coronavirus Cases

HUD Secretary Ben Carson, a member of the Trump administration’s coronavirus task force, on Sunday refused to reveal how the administration is planning to handle the 3,500 passengers aboard the Grand Princess cruise ship that has been hit with a coronavirus outbreak and is scheduled to dock in Oakland, California as early as Sunday afternoon.During his appearance on ABC’s This Week, Carson was asked by anchor George Stephanopoulos what plan was in place for the ship when it docked as 21 passenge...
Tags: News, Abc, Atlanta, United States, Italy, Hud, Donald Trump, Abc News, George Stephanopoulos, Ben Carson, Trump, Oakland California, Carson, Stephanopoulos


Forbes: Private Reverse Mortgages No Longer Just for ‘Very Expensive’ Homes

Private reverse mortgages that do not involve the Federal Housing Administration (FHA) Home Equity Conversion Mortgage (HECM) program used to be used primarily for those with very high value homes. However, those products have evolved to encompass more utility for homes of lower values, particularly as rules governing HECM proceeds have changed. This is according to a new “council” post at Forbes written by Michael Branson, CEO of All Reverse Mortgage, Inc. “At the time the programs were firs...
Tags: Featured, Finance, Hud, Branson, Products, Forbes, FHA, HECM, Michael Branson, All Reverse Mortgage, All Reverse Mortgage Inc, Federal Housing Administration FHA Home Equity


HUD Secretary Carson Added to White House Coronavirus Task Force

The task force created by the White House and charged with spearheading the federal response to the outbreak of the COVID-19 coronavirus has added the Secretary of the U.S. Department of Housing and Urban Development (HUD), Dr. Ben Carson. This is according to a new informational notice issued by the Federal Housing Administration (FHA). “Earlier this week, HUD Secretary Dr. Ben Carson was added to the White House Coronavirus Task Force,” the notice reads. “All federal agencies are working ag...
Tags: Finance, White House, Hud, Fda, Federal Reserve, Donald Trump, Ben Carson, Mike Pence, Mike, Carson, FHA, Pence, Food and Drug Administration FDA, Hahn, Federal Housing Administration FHA, White House Office of Science and Technology


February Reverse Mortgage Endorsements Dip After ‘Blistering’ January

Home Equity Conversion Mortgage (HECM) endorsements decreased by 13.6% to 3,386 loans for the month of February 2020, a slight dip compared to the prior month, which recorded the highest endorsement levels since February 2019. The majority of the top 10 lenders recorded endorsement decreases, while 7 of 10 tracked regions were down, as well. This is according to the February HECM Lenders report compiled by Reverse Market Insight (RMI). “HECM endorsements declined -13.6% in February, moderatin...
Tags: Featured, Finance, Data, Hud, Southwest, Rocky Mountain, Great Plains, FAR, HECM, RMI, Liberty Home Equity Solutions, American Advisors Group, American Advisors Group AAG, One Reverse Mortgage, New View Advisors, Finance of America Reverse


United States: HUD Beckons Lenders Back To FHA: Revised Lender Certifications, Enhanced Defect Taxonomy, And MOU Aim To Reduce Risk Of False Claims Act Litigation - Mayer Brown

Bylined article by Financial Services Regulatory & Enforcement partners Krista Cooley and counsel Emily Booth-Dornfeld (both Washington DC).
Tags: News, United States, Hud, MOU, FHA, Mayer Brown, Financial Services Regulatory Enforcement, Krista Cooley, Emily Booth Dornfeld


Democratic presidential candidates answer 3 hot housing questions

I thought it would be a super idea with Super Tuesday ahead to ask the Democratic presidential candidates how they would address three of the most pressing housing issues we Californian face: affordable housing, homelessness and down payment assistance. While several responded to my emails for questions, others did not. None of them offered great substance on how they would pay for their suggested solutions. Former New York City Mayor Michael Bloomberg, billionaire Tom Steyer and Sen. Elizabeth ...
Tags: Business, California, Housing, New York City, Los Angeles, Bloomberg, Sport, Joe Biden, Soccer, Warren, Hud, Biden, Michael Bloomberg, Gavin Newsom, Sanders, Tom Steyer


WH Taps College Senior To Head Up Its Personnel Office

A college senior is reportedly heading to the White House to be a top official in its Presidential Personnel Office. Three administration officials confirmed James Bacon’s hiring to Politico Wednesday. The 23-year-old senior at George Washington University is set to act as a right-hand man to newly appointed PPO director John McEntee, the officials told Politico. Bacon will reportedly take on the role of PPO’s director of operations who oversees paperwork and provides assistance on vetting. Po...
Tags: News, White House, Politico, Hud, State Department, Bacon, Department Of Transportation, Trump, Bush, George Washington University, Department of Housing and Urban Development, McEntee, Trump The White House, Summer Concepcion, John McEntee, Presidential Personnel Office


Election 2020: Bernie Sanders and Donald Trump on Reverse Mortgages

With the 2020 presidential election in full swing, the field of Democratic candidates has narrowed considerably since the first debates in 2019 while primary challengers for the Republican nomination have largely fallen by the wayside due to the party’s support of the current President of the United States. Whoever is elevated to the highest office of the land in November will have significant control over the destiny of reverse mortgages in general and the Home Equity Conversion Mortgage (HECM)...
Tags: Featured, Washington Post, Washington, Finance, Senate, White House, America, Barack Obama, Regulation, Atlantic, United States, Maine, House, New York Times, Hud, The White House


President Trump to Nominate Dana Wade as Federal Housing Commissioner

President Trump today announced that he intends to nominate Dana Wade as Assistant Secretary for Housing, Federal Housing Commissioner. Brian Montgomery, who currently holds the position, is awaiting Senate confirmation for a role as deputy secretary of the Department of Housing and Urban Development, after his nomination was recently confirmed by the Senate Banking Committee. HUD | HUD | Dana Wade Wade, who previously served as Acting Federal Housing Commissioner and Ass...
Tags: Featured, News, Congress, Housing, Finance, Senate, White House, Hud, Montgomery, Trump, Bush, Wade, FHA, Office of Management and Budget, Federal Housing Administration, Department of Housing and Urban Development