Tag Archives: U.S. Department of Housing and Urban Development (HUD)

HUD has issued several grants geared toward research to address disparities in access to mortgage financing and homeownership for borrowers of color and other underserved groups.

The OCC has issued its findings on the performance of first-lien mortgages in the federal banking system during Q2, as 97.3% of mortgages were found current and performing at the end of the quarter, compared to 97.6% in Q1.

U.S. housing supply jumped to 7.8 months at the current sales rate in August, the highest measure recorded since March 2023, as the inventory of completed homes for sale continued to climb, hitting its highest level since April 2020.

Changes to Ginnie Mae’s HMBS program will improve issuer liquidity and provide issuers with continuous access to capital market sources of funding to securitize HMBS participation.

Governmental agencies issue vouchers to 71 Public Housing Agencies nationwide to help homeless vets and their families find and sustain permanent housing.

The Department issues 29 waivers to help communities in Florida hasten rehabilitation and reconstruction from the extensive damage caused by Hurricane Idalia.

HUD takes additional action to evaluate and reduce residential health hazards in public housing by eliminating lead-based paints, mold, and asbestos, among other threats.

Continuing its role as provider of counsel to the U.S. financial services industry, Weiner Brodsky Kider promotes 17-year industry veteran to lead group serving clients facing government actions and private suits.

After Hurricane Idalia hit the southeastern U.S., President Biden declared that a major disaster exists in Florida, having ordered federal aid to supplement state, tribal, and local recovery efforts in areas impacted by the storm.

The Department’s latest round of Choice Neighborhoods Implementation Grants will be used to transform public and other HUD-assisted housing while investing in surrounding neighborhood and resident services.