HUD: Tools Updated to Help Americans Buy Homes
New translations of single-family mortgage documents make mortgage information more accessible for non-English speaking borrowers Today, the U.S. Department of Housing and Urban Development (HUD), through its Federal Housing Administration (FHA), is making available translated versions of 19 single family mortgage documents used in the servicing of FHA-insured mortgages. These documents will be available in…
HUD: New Resources and Research Launched to Support LGBTQI+ Americans During Pride Month
HUD released a new website and research that will enhance data collection, identify barriers, and help LGBTQI+ people find housing assistance. During this Pride Month, the U.S. Department of Housing and Urban Development (HUD) took action to protect LGBTQI+ Americans, taking crucial steps to uplift resources and best practices for housing providers, so no one must…
HUD: The Federal Housing Administration Celebrates 90 Years of Making Homeownership Possible for American Families
June 27, 2024, marks the 90th anniversary of the creation of the Federal Housing Administration under the National Housing Act Today, the Federal Housing Administration (FHA) is recognizing the 90th anniversary of its creation under the National Housing Act of 1934, which was signed by President Franklin Delano Roosevelt. HUD celebrated today’s anniversary with an event…
FHFA: Inaugural Members Announced for the Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing
Diverse 20-member committee will advise Director on housing needs and housing finance policies The Federal Housing Finance Agency (FHFA) today announced the inaugural members of its Advisory Committee on Affordable, Equitable, and Sustainable Housing. The Committee will provide non-binding advice to FHFA on how its regulated entities (Fannie Mae, Freddie Mac, and the Federal Home…
ABA: Foundation Launches “Unlocking Homeownership” Education Campaign
The ABA Foundation today launched a new campaign, Unlocking Homeownership, which seeks to respond to the nation’s housing challenges by making it even easier for banks of all sizes to promote homeownership education and counseling. The campaign is part of the ABA Foundation’s celebration of June as American Housing Month. In partnership with NeighborWorks®America and Rebuilding…
HUD: Support Expanded for Housing Counseling Services in Tribal Communities
Final rule expands Tribal participation in HUD-approved housing counseling by removing unique impediments to counselor certification. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced that it published a final rule outlining housing counselor certification requirements for housing counseling conducted in connection with the Indian Housing Block Grant (IHBG) and the…
FHFA: Public Input Sought on Fannie Mae’s and Freddie Mac’s Proposed Duty to Serve Underserved Market Plans for 2025-2027
The Federal Housing Finance Agency (FHFA) today issued a request for input (RFI) on the proposed 2025-2027 Underserved Markets Plans (Plans) submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027. “Providing sustainable liquidity for affordable housing…
SBA: Working Capital Loan Pilot Program Launched
Pilot Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured…
OCC: Acting Comptroller Discusses Improving Consumer Financial Health
Acting Comptroller of the Currency Michael J. Hsu today discussed improving customer financial health during a presentation at the Emerge Financial Health conference in Chicago. Mr. Hsu’s written remarks in support of his presentation discussed the Office of the Comptroller of the Currency’s work to describe financial health and develop measures of financial health that…
HUD: Deal Finalized to Promote Energy Efficiency and Climate Resilience for New York Families
The transaction is funded by the Inflation Reduction Act as part of President Biden’s Investing in America agenda to provide more comfortable homes for families. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs, announced it has completed a $192,000 loan transaction under the Green and Resilient Retrofit Program…