Tag: HUD
White House, HUD announce $5.5B in housing and community development grants
The U.S. Department of Housing and Urban Development (HUD) and the White House announced $5.5 billion in funding on Tuesday that will be distributed through [Read more about this post…]
HUD, USDA reach accord on energy-efficiency standard for new construction
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction [Read more about this post…]
GAO highlights reverse mortgage counseling in new report
Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, [Read more about this post…]
HUD issues $13.5M in affordable housing grants
The U.S. Department of Housing and Urban Development (HUD) on Thursday announced a new series of affordable housing grants totaling $13.5 million, which will go [Read more about this post…]
Judge allows bulk of Texas Capital case against Ginnie Mae to proceed
The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has dismissed a portion of the bank’s complaint against the [Read more about this post…]
Indiana senator seeks information on HECM stability, calls for ‘congressional scrutiny’
The Home Equity Conversion Mortgage (HECM) program faces stability and viability challenges stemming from the 2022 collapse of a major industry lender and its extinguishment [Read more about this post…]
Watchdog says HUD has struggled to prevent ‘improper payments’ for 11 years
The U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) issued a management alert this week, saying that the department [Read more about this post…]
Homebuilders end 2023 on a high note
Sales of new single-family homes surprised in December, exceeding consensus expectations of 649,000. New home sales reached a seasonally adjusted annual rate of 664,000, according [Read more about this post…]
The top 10 reverse mortgage lenders of 2023
After a year of challenge in the reverse mortgage industry, the major lenders in the industry look a bit different for calendar year 2023 when [Read more about this post…]
Housing starts dropped 9.0% in 2023
Despite lower mortgage rates, housing starts ended the year on a downturn, after posting a large monthly gain in November. New construction starts fell to [Read more about this post…]
