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HUD Press Releases

  • Tue, 26 Aug 2014 12:07:06 +0000: HUD, VA, and USICH Announce 33% Drop in Veteran Homelessness Since 2010 – HUD Press Releases
    WASHINGTON – The U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA), and U.S. Interagency Council on Homelessness (USICH) today released a new national estimate of veteran homelessness in the United States. Data collected during the annual Point-in-Time Count conducted in January 2014 shows there were 49,933 homeless veterans in America, a decline of 33 percent (or 24,837 people) since 2010. This includes a nearly 40 percent drop in the number of veterans sleeping on the street.
  • Tue, 26 Aug 2014 12:07:04 +0000: FHA to Eliminate “Post Payment” Interest Charges – HUD Press Releases
    WASHINGTON – The Federal Housing Administration (FHA) today announced that borrowers who prepay their FHA-insured mortgages will not have to make interest payments beyond the date their mortgage is paid in full. FHA’s rule, Handling Prepayments: Eliminating Post-Payment Interest Charges, applies for FHA-insured mortgages closed on or after January 21, 2015. This rule explicitly prohibits lenders from charging borrowers post settlement interest, which is broadly defined as a “prepayment penalty” by the Consumer Financial Protection Bureau (CFPB), for all FHA Single Family mortgage products and programs.
  • Mon, 25 Aug 2014 12:07:05 +0000: HUD, Census Bureau Report New Residential Sales In July – HUD Press Releases
    WASHINGTON – Sales of new single-family houses in July 2014 were at a seasonally adjusted annual rate of 412,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.4 percent (?11.9%)* below the revised June rate of 422,000 and is 12.3 percent (?14.4%)* above the July 2013 estimate of 367,000.

Housing Wire

  • Fri, 19 Sep 2014 22:34:00 +0000: This chart proves mortgage credit availability isn’t improving – All HW content
    “We think tight mortgage credit and weak demand for mortgage credit are key driving forces behind the slow growth recovery story and the positive technical story for securitized products,” BofAML’s Chris Flanagan, Gregory Fitter and Mao Ding said in the new Securitization Weekly Overview.

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