HUD: FHA Launches New Automated Underwriting System for Single Family Forward Mortgages
New FHA Catalyst functionality offers lenders the option to obtain automated mortgage insurance eligibility indicators directly from FHA The Federal Housing Administration (FHA) today announced the launch of its new automated underwriting system (AUS) for use by lenders originating mortgages for FHA insurance. Built on the FHA Catalyst technology platform, the new FHA Catalyst: Single Family…
HUD: $12.5 Million in Housing Counseling Grants Awarded
Supplemental funding will provide additional resources for HUD-approved housing counseling The U.S. Department of Housing and Urban Development (HUD) today awarded more than $12.5 million in supplemental housing counseling grants. These supplemental grants will support quality housing counseling services, including the foreclosure avoidance and rental counseling services used by many families as they work to…
HUD: FHA Extends COVID-19 Forbearance Request Timeframe for Single Family Homeowners
Extension through December 31, 2020, ensures homeowners who need assistance can continue to obtain mortgage payment forbearance Today, the Federal Housing Administration (FHA) announced it is extending the date for single family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer to forbear their mortgage payments for up to six months. Homeowners experiencing…
HUD: FHA Launches FHA Catalyst Electronic Multifamily Application Submission Capabilities
First FHA Catalyst module for Multifamily lenders will eliminate paper-based submissions of FHA insurance applications The Federal Housing Administration (FHA) today announced the availability of the first module on its FHA Catalyst technology platform for Multifamily lenders doing business with FHA. The FHA Catalyst: Multifamily Applications module will allow eligible Multifamily lenders to electronically submit applications for FHA…
HUD: More Than $1.3 Billion Made Available to Florida for Disaster Recovery
U.S. Department of Housing and Urban Development (HUD) Secretary, Dr. Ben Carson today is making more than $1.3 billion in funding available to the state of Florida, which will immediately help Floridians recover from Hurricane Michael and assist the investment in large scale disaster mitigation projects. “The great people of Florida and the state leadership…
HUD: More Than 800 Former Foster Youth Are Paving Their Own Way with FYI Vouchers
HUD Secretary Carson marks Foster Youth to Independence initiative milestone U.S. Housing and Urban Development Secretary Ben Carson today traveled to Denver to mark that the Foster Youth to Independence (FYI) initiative has awarded 844 vouchers in the first year of the program to former foster youth at risk of homelessness. Secretary Carson held a…
HUD: $4 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) to help make homes more accessible for disabled veterans. Through the VHRMP program, grantees will make necessary physical modifications to address the needs of…
HUD: More Than $9 Million Awarded to Make Housing Safer for Tribal Communities
Funding to make low-income tribal homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded more than $9 million in Healthy Homes Production grants to twelve tribes and tribal agencies to protect children and families from home health and safety hazards. “As a pediatric neurosurgeon I have seen firsthand the…
HUD: “Mustard Seed Series” Virtual Workshops Launched for Faith Leaders and Congregations
Events will feature testimonies from faith leaders who have launched housing initiatives for homeless neighbors U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today launched a series of virtual workshops for faith congregations entitled, “The Mustard Seed Series”. The virtual events will feature faith organizations that have successfully created affordable housing, reduced…
HUD: Section 3 Rule Revision Finalized to Advance Economic Opportunity
New rule will advance economic opportunity through streamlined processes and a more targeted approach The U.S. Department of Housing and Urban Development (HUD) announced today the release of the final rule implementing the “Section 3” statute. Section 3 requires that recipients of certain HUD funds make economic opportunities available for low- and very low-income individuals, especially recipients…