HUD: Disaster Aid Offered to Minnesota Storm and Flood Victims
Federal aid supports state, tribal and local recovery for June 2024 Minnesota storms and flooding. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Minnesota and ordered Federal aid to supplement state, tribal, and local recovery efforts in the areas affected by severe storms…
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…
FHFA: Data Visualization Dashboard Released for NMDB Outstanding Residential Mortgage Statistics
Data provides information about active residential mortgages in the United States. The Federal Housing Finance Agency (FHFA) today published updated aggregate statistics from the National Mortgage Database (NMDB®) and launched the NMDB Aggregate Statistics Dashboard—a new data visualization tool for the NMDB Outstanding Residential Mortgage Statistics. “The release of updated data will allow stakeholders to…
CFPB & FHFA: Updated Data from the National Survey of Mortgage Originations Released for Public Use
New data provides details on appraisals, willingness to move, and disability accommodations The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) today published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data also provide updated mortgage performance and credit information for a nationally…
HUD: Disaster Aid Offered to Iowa Storm and Flood Victims
Federal aid supports state, tribal and local recovery for June 2024 Iowa storms, flooding, and tornadoes. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Iowa and ordered federal assistance for state, tribal, and local recovery efforts in areas affected by severe storms, flooding,…
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…
OCC: Mortgage Performance Report for First Quarter 2024 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2024. The OCC Mortgage Metrics Report, First Quarter 2024 showed that 97.4 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
HUD: Disaster Assistance Available for New Mexico Survivors
Federal aid supports state, tribal and local recovery for June 2024 South Fork Fire and Salt Fire. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of New Mexico and ordered Federal assistance to State, tribal and local recovery efforts in the areas affected by…
HUD: Disaster Aid Offered to Hawaii Storm and Flood Victims
Federal aid supports state and local recovery for April 2024 Hawaii storms, flooding, and landslides. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Hawaii and ordered Federal assistance to State and local recovery efforts in the areas affected by severe storms, flooding and…
OCC: Final Rule on Automated Valuation Models Approved
The Office of the Comptroller of the Currency today approved a final rule to implement quality control standards for automated valuation models used by mortgage originators and secondary market issuers in valuing residential real estate collateral securing mortgage loans. The rulemaking supports Acting Comptroller of the Currency Michael J. Hsu’s priority to reduce inequality and…