HUD: New Appointments Announced to Housing Counseling Federal Advisory Committee
Members announced today join group that advises HUD on best practices for building an effective housing counseling program. Today, the U.S. Department of Housing and Urban Development (HUD) announced the appointment of 11 members to its Housing Counseling Federal Advisory Committee. The Committee serves a critical advisory role to HUD by helping shape the direction…
HUD: $48 Million Announced to Expand Access to Housing Counseling to Assist Renters and Homeowners
Funding for more than 160 housing counseling organizations will advance the agency’s goal to provide expert advice and provide pathways to homeownership Today, the U.S. Department of Housing and Urban Development (HUD) is announcing $48 million to increase access to housing counseling services and strengthen the nation’s housing counseling workforce. Acting Secretary Adrianne Todman made…
FHFA: Second Quarter 2024 Foreclosure Prevention and Refinance Report Released
More than 7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its second quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 46,378 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…
HUD: Housing Counseling Services Expanded to More Americans
The Department celebrates Housing Counseling by introducing new initiatives, including a partnership with Zillow, and the use of virtual methods to broaden access and reach more Americans seeking housing assistance. Today, the U.S. Department of Housing and Urban Development (HUD) announced a series of new actions to expand housing counseling services and strengthen pathways to…
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: 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…
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: $10 Million in Grants Awarded to Combat the Homeownership Gap through Housing Counseling
Funding announced today will provide culturally sensitive and linguistically appropriate services for pre- and post-purchase housing counseling, helping Americans access affordable homes and boosting homeownership rates among historically underserved communities. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is announcing the award of $10 million in grant funding under…
HUD: Agency Celebrates Annual National Homeownership Month
The June celebration reinforces the Biden-Harris Administration’s commitment to supporting affordable homeownership and lowering housing costs for American families. Today, the U.S. Department of Housing and Urban Development (HUD) joined President Joe Biden to celebrate June as the 22nd Annual National Homeownership Month. During National Homeownership Month, HUD is proud to double down on its ongoing leadership and…
FHFA: Enhancements Announced to Flex Modification for Borrowers Facing Financial Hardship
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will enhance their Flex Modification policies to allow more borrowers facing longer-term hardships to achieve meaningful payment reductions. The updated Flex Modification policies will promote sustainable homeownership and the safety and soundness of the Enterprises. “The Enterprises have completed over half a million modifications through their Flex Modification offerings since…