Government

Establishment of the new Rate Reduction Incentive advances HUD’s Climate Action Plan to create climate resiliency, reduce greenhouse emissions, and pursue environmental justice in housing.

This coming week, Rohit Chopra, Director of the CFPB, will provide an update to the Senate Banking Committee on the latest actions the Bureau has taken to protect consumers from financial misconduct.

As per the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018, Ginnie Mae has released its inaugural examination of VA-guaranteed loans.

Responses to a recent Fannie Mae survey show high mortgage rates are contributing to near-all-time low optimism among potential buyers and sellers.

Underwriting processes to be enhanced to now support loans for credit invisible borrowers.

HUD’s Office of Policy Development & Research held its quarterly meeting to discuss the increase in activity by large institutional investors who oversee more than 1,000 properties in HUD’s portfolio.

HUD has earmarked nearly $30 million for 111 organizations—including public housing agencies, tribally designated Indian housing entities, resident associations, and nonprofits—for the hiring and maintenance of service coordinators.

Keeping in line with the steep increase of housing prices nationwide, the FHA has set forth its Single-Family Title II forward and Home Equity Conversion Mortgage loan limits for the upcoming calendar year.

In accordance with IRS guidelines on the trading of Uniform Mortgage-Backed Securities, the FHFA’s deemed-issuance-ratio for the new year will be set to 53% for Fannie Mae and 47% for Freddie Mac.

The Office of the Comptroller of the Currency is opening a new Financial Technology office to add expertise to the department, allowing them to better adapt to modern markets.