Tag Archives: HUD

FHA will consider rent from ADUs when qualifying borrowers

By | | Uncategorized
Comments Off on FHA will consider rent from ADUs when qualifying borrowers

Policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership. Continue reading →

Will chatbots make housing discrimination worse?

By | | Uncategorized
Comments Off on Will chatbots make housing discrimination worse?

New artificial intelligence technology can recommend real estate listings based on neighborhoods’ ethnic makeup. Experts are worried about the tech’s potential for discrimination. Continue reading →

Audits find fault with help provided to FHA borrowers during pandemic

By | | Uncategorized
Comments Off on Audits find fault with help provided to FHA borrowers during pandemic

Loan servicer Mr. Cooper is ‘deeply disappointed’ that the HUD OIG audit focused on problems it says were mostly technical, rather than on borrower outcomes. Continue reading →

Housing starts post rebound in April but inventory remains tight

By | | Uncategorized
Comments Off on Housing starts post rebound in April but inventory remains tight

Housing starts rose 2.2 percent month over month in April, as homebuyers increasingly turn to new construction to combat low inventory in the resale market, the US Census Bureau reported Wednesday. Continue reading →

New-home sales soar to 1-year high in March as purchases leap 9.6%

By | | Uncategorized
Comments Off on New-home sales soar to 1-year high in March as purchases leap 9.6%

The strong monthly increase in sales marked the fourth-consecutive month of such increases, as buyers ease back into the market and adjust to a new landscape of higher mortgage rates. Continue reading →

Tenants in jeopardy as rent hikes outpace value of rental vouchers

By | | Uncategorized
Comments Off on Tenants in jeopardy as rent hikes outpace value of rental vouchers

No metro in the U.S. held enough vouchers to meet soaring demand, with Miami and other cities in Florida standing out for disparities between available vouchers and renters who need them. Continue reading →

Real estate industry welcomes FHA premium cuts, with caveats

By | | Uncategorized
Comments Off on Real estate industry welcomes FHA premium cuts, with caveats

Cuts are expected to save borrowers $678 million a year but don’t apply to existing loans or release homeowners who have built up equity from “life-of-loan” requirements. Continue reading →

New-home sales continue modest rise — but market ‘lull’ lies ahead

By | | Uncategorized
Comments Off on New-home sales continue modest rise — but market ‘lull’ lies ahead

New-home sales rose 5.8 percent to a seasonally adjusted rate of 640,000, according to data released Friday by the U.S. Census Bureau and Department of Housing and Urban Development. Continue reading →

After 2-year ordeal, FHA borrowers can now buy private flood insurance

By | | Uncategorized
Comments Off on After 2-year ordeal, FHA borrowers can now buy private flood insurance

The Department of Housing and Urban Development on Monday announced it had prevailed in expanding flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages. Continue reading →

Industry groups renew push for lower FHA mortgage premiums

By | | Uncategorized
Comments Off on Industry groups renew push for lower FHA mortgage premiums

The Black Homeownership Collaborative also asks HUD to ditch a “life of loan” requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity. Continue reading →