President Trump’s proposed full budget request for fiscal year (FY) 2018 is in. As previously reported and finally confirmed, several housing and rental programs maintained by the Housing and Urban Development will lose billions in funding. The U.S. Department of Agriculture also stands to lose Read more
Housing Constructions Fall in April
A 2.6 percent decline in housing starts was recorded for the month of April according to a data by the US Department of Housing and Urban Developmentand the Commerce Department. The fall is attributed to the decrease in the number of multifamily homes constructed for the month stated. The Read more
Carson Says Housing Funding Included in Infra Bill After POTUS Makes $6.2-Bil. HUD Budget Cut
HUD Secretary Dr. Ben Carson assured the public that housing will be included in a new infrastructure spending bill, The Washington Post reported.This comes after the current administration proposed to slash HUD’s budget by $6.2 billion.We can help you find a lender.»“The part that Read more
POTUS Suspends FHA Insurance Cut, Now What?
The new President’s first order of the day was to repeal new regulations made during the Obama administration pending review. This rolls back the reduction of FHA’s annual mortgage insurance premiums and its annual potential savings of $500 to households. With the FHA insurance cut suspended Read more
Castro Cuts FHA Mortgage Insurance Premiums, Carson to Examine the Cut
Outgoing secretary of the Housing and Urban Development Julian Castro announced earlier that FHA’s annual mortgage insurance premiums have been lowered. This move, according to Sec. Castro, will generate annual savings of $500 to households. But some members of the Republican party were not too Read more
