President Biden Announces New Actions to Ease the Burden of Housing Costs

New Biden-Harris Administration Housing Supply Action Plan To Help Close the Housing Supply Gap in Five Years As President Biden said last week, tackling inflation is his top economic priority. Today, President Biden is releasing a Housing Supply Action Plan

Fannie Mae Earns ENERGY STAR Recognition for 2022 Environmental Sustainability Achievements

Multifamily and Single-Family Businesses Recognized for Positive Impact in Green Financing WASHINGTON, May 6, 2022 /PRNewswire/ — Fannie Mae (OTCQB: ) today announced it earned the 2022 ENERGY STAR® Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection

MBA: 1st Quarter Mortgage Delinquencies Decrease

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11 percent of all loans outstanding in the first quarter, the Mortgage Bankers Association’s National Delinquency Survey reported. The delinquency rate decreased 54

FHA Amends CWCOT Post-Foreclosure Sales Rule

The Federal Housing Administration (FHA) has issued its Mortgagee Letter (ML) 2022-08, “Expanding Affordable Housing Supply Through FHA’s Claims Without Conveyance of Title.” By issuing ML 2022-08, the FHA will be adding an initial 30-day exclusive sales period for Claims

FNMA F-1-05 Expense Reimbursements

This procedure contains the amount that Fannie Mae will pay for its share of expenses when specific reimbursement expense limits are defined. Also see the Allowable Foreclosure Attorney Fees Exhibit and the Allowable Bankruptcy Attorney Fees Exhibit for additional information

Mortgage Rates Continue to Jump

“Mortgage rates jumped again due to high inflation and stronger than expected consumer spending,” said Sam Khater, Freddie Mac’s Chief Economist. “The 30-year fixed-rate mortgage is nearing four percent, reaching highs we have not seen since May 2019. As rates

FHFA Requests Input on its Strategic Plan

The Federal Housing Finance Agency (FHFA) has released a draft of its strategic plan for 2022-2026 and is requesting input on the plan from the general public. The plan is meant to be a “transparent roadmap” that will guide the agency

HUD Extends Handbook 4000.1 Implementation

On April 19, 2021, HUD published updates to the Single-Family Housing Policy Handbook (Handbook 4000.1). Mortgagees were instructed that changes to Handbook 4000.1 could be implemented immediately but were required to be implemented no later than August 17, 2021. Due to