CFPB: Three Tools to Help Your Homebuying Process
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home. You have the right to control the process. Check out our other blogs on homebuying topics, and join the conversation on…
FHFA: Progress Update on Fannie Mae and Freddie Mac Credit Risk Transfer Program
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued a Credit Risk Transfer Progress Report updating the status and volume of credit risk transfer transactions through the first quarter of 2017. The Report gives a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a portion of credit risk to…
CFPB: Don’t Let Marketers Tell You How to Age in Place
We often hear that older Americans want to “age in place.” Aging in place means living at home in the community, rather than in an institutional setting, like a nursing facility. This is the choice most people want to make even if they need services and support to do so. With over ten thousand people…
FHFA: House Price Index Up 0.4 Percent in May
Washington, D.C. – U.S. house prices rose in May, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.7 percent increase in April was revised downward to reflect a 0.6 percent increase. The FHFA monthly HPI is calculated using…
HUD: East Baltimore Redevelopment Earns 2017 HUD Secretary’s Award for Historic Preservation
WASHINGTON – For years, dozens of historic rowhouses in an East Baltimore neighborhood sat vacant, boarded up and crumbling from neglect while nearby families were in need of affordable housing. Then, a $9.3 million redevelopment project rehabilitated 32 vacant rowhouses into beautiful affordable housing homes complete witha coffee shop and a workforce development center inside…
HUD & Census Bureau: New Residential Sales Report June 2017
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for June 2017. Building Permits: Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,254,000. This is 7.4 percent (±1.1 percent) above…
FHFA: Final Rule Regarding Minority and Women Inclusion Regulations Amended to Require Diversity and Include Strategic Planning
Washington, D.C. — The Federal Housing Finance Agency (FHFA), is publishing a final rule that amends its existing Minority and Women Inclusion regulations to require Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the Office of Finance (the regulated entities), to develop and implement strategic plans to promote diversity and inclusion of minorities,…
HUD: Winners for 2017 Healthy Homes Awards Announced
WASHINGTON – The U.S. Department of Housing and Urban Development(HUD) and the National Environmental Health Association (NEHA) today announced that four model programs around the nation are recipients of the HUD Secretary’s Award for Healthy Homes, an award recognizing excellence in making indoor environments healthier through healthy homes. For the third consecutive year, HUD and…
HUD: $50 Million in Housing Counseling Grants Awarded
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $50 million in housing counseling grants to hundreds of national, regional and local organizations to help families and individuals with their housing needs and to prevent future foreclosures. HUD’s housing counseling grants and the additional funding they leverage will assist…
Federal Reserve: FEDS Notes | Post-Crisis Lending by Large Bank Holding Companies
This note analyzes recent trends in loan growth at domestic bank holding companies (hereafter, banks) and reviews factors related to bank loan growth such as capital and loan write-downs.2 The extension of credit has important implications for the health of the economy.3 For instance, if businesses and households do not have access to credit, they…