A sharp rise in interest rates last week meant far fewer homeowners could benefit from a mortgage refinance. That was the primary driver behind a 2.6 percent drop in total mortgage application volume last week, according to the MBA.
HUD officials said the economic value of the federal reverse-mortgage program, estimated at negative-$7.7 billion last...
Concerned about financial losses in a federally insured mortgage program for seniors, the Department of Housing and Urban Development on Tuesday announced plans to adjust premiums and limit financial draws for elderly homeowners taking such loans.
“After four straight years of growth and with sufficient reserves on hand to meet future claims, it’s time for FHA to...
Modest reduction expands credit access and reflects improved economic health of FHA.
Privately owned housing starts in November were at a seasonally adjusted annual rate of 1,090,000. This is 18.7 percent...
Single-family housing starts in November were at a rate of 828,000; this is 4.1 percent (±7.5%)* below the revised October figure of 863,000. The November rate for units in buildings with five units or more was 259,000.
“Every person deserves a safe, stable place to call home,” said Secretary Castro. “The Obama Administration has made...
“The evidence from this study indicates that having access to deep long-term housing subsidies produces substantial...
Housing vouchers most effective intervention while Rapid re-housing proves least costly
This paper is one important part of an ongoing effort to assist the mortgage servicing industry and other stakeholders...
The white paper outlines five principles that the agencies believe were essential to the success of the government’s programs and should provide a foundation for any future loss mitigation programs.