It was not too long ago that VA’s David Shulkin had to reassure everyone that the department won’t cut off a key program for homeless Veterans. For its part, the Housing and Urban Development (HUD) recently awarded $2 billion to over 7,000 local programs dedicated to prevent or end homelessness Read more
HUD Gives Local Entities More Time to Assess Fair Housing Landscape
The Housing and Urban Development in a notice on the Federal Register announced an extension for local jurisdictions to submit an Assessment of Fair Housing in furtherance of HUD’s final rule on Affirmatively Furthering Fair Housing (AFFH).AFFH seeks to promote fair housing in local communities Read more
HUD’s Guide for Homeowners to Successfully Avoid Foreclosure
Last December, the Housing and Urban Development made public a Homeowner’s Guide to Success for mortgage borrowers struggling with their mortgages and in danger of losing their homes to foreclosure.This guide for homeowners emphasizes that expert help is available, at no cost even, at the onset Read more
FHA No Longer Backs Residential Mortgages With PACE Loans, Here’s Why
“FHA can no longer tolerate putting taxpayers at risk by allowing obligations like these to be placed ahead of the mortgage itself in the event of default,” Dr. Ben Carson, secretary of the Housing and Urban Development, said in a statement announcing the agency’s decision to not insure residential Read more
Altisource: “Rising” FHA Loans to Lead Growth in Lenders’ Portfolio
Volumes of FHA loans and VA loans are predicted to increase, causing growth in lenders’ portfolio, by majority of mortgage servicing professionals surveyed by Altisource Portfolio Solutions S.A.This rise in FHA loans is confirmed by data gathered by FHA’s regulator, the Department of Housing and Read more