- May 4, 2012
On April 28, the Senate Banking, Housing, and Urban Affairs Committee held a hearing on legislative proposals included in HUD’s FY 2013 Budget. HUD Secretary Shaun Donovan was the sole witness. Committee Chairman Tim Johnson (D-SD) highlighted in his opening statement that the Budget request reflects tough decisions, makes proposals to increase HUD’s effectiveness, and focuses on strengthening the Federal Housing Administration (FHA).
- April 26, 2012
It’s a pleasure to join so many representatives from our nation’s Housing Finance Agencies. Whether it’s providing affordable mortgages to low- and moderate-income families or expanding access to affordable rental housing, HFAs have always been a critical partner.
- April 24, 2012
On April 23, NCSHA's 2012 Legislative Conference kicked off with addresses from Idaho Housing and Finance Association President and Executive Director and NCSHA President Gerald Hunter, NCSHA Executive Director Barbara Thompson, the Department of Treasury's Under Secretary for Domestic Finance Mary Miller, the Bipartisan Policy Center’s Housing Commission Co-Chair Former Senator Christopher Bond, and a panel of housing industry experts.
- March 30, 2012
On March 29, HUD Inspector General David Montoya and Valerie Melvin and Mathew Scirè of the Government Accountability Office (GAO) testified before the House T-HUD Appropriations Subcommittee during a hearing on HUD management issues. The hearing covered a wide range of issues at HUD, including the Federal Housing Administration (FHA), the HOME Investment Partnerships (HOME) program, and general inspection and oversight issues.
- March 28, 2012
On March 21, the House Transportation-HUD Appropriations Subcommittee held its hearing on HUD’s FY 2013 Budget request. HUD Secretary Shaun Donovan was the sole witness. In his opening statement, Subcommittee Chairman Tom Latham (R-IA) stated that he is concerned the HUD budget has reached a “tipping point,” with the cost of renewals overtaking the rest of HUD’s budget. In his opening statement, Subcommittee Ranking Member John Olver (D-MA) stated his concern for the shortfall in proposed funding for the PBRA program and said he wished that the fiscal situation allowed for HUD to request more funding for capital programs.
- March 28, 2012
On March 27, the House Financial Services Committee passed the FHA Emergency Fiscal Solvency Act of 2012, H.R. 4264, which authorizes the Federal Housing Administration (FHA) to increase FHA single-family mortgage insurance premiums and to force single-family lenders using FHA insurance to repay HUD if an FHA-insured loan becomes delinquent and HUD discovers lender fraud or misrepresentation.
- March 14, 2012
On March 6, the House Financial Services Committee held a markup of its Views and Estimates on the FY 2013 Budget. Each year, the Committee sends the Budget Committee its comments and suggestions on items within its jurisdiction for the Budget Resolution. The Committee document states that the Administration’s FY 2013 Budget “fails to impose the spending discipline necessary to put this nation’s finances in order” and therefore the Committee does not support the overall request.
- March 7, 2012
Yesterday afternoon, the White House announced that HUD will reduce FHA mortgage refinancing costs and mortgage servicers will provide housing relief for servicemembers and veterans.
- February 28, 2012
Under the increases, the FHA annual mortgage insurance premiums will increase by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount. Upfront premiums will increase by 0.75 percent for all loans.
- February 8, 2012
On Tuesday, February 7, the House Financial Services Committee’s Subcommittee on Insurance, Housing, and Community Opportunity marked up a draft bill designed to help ensure the fiscal solvency of the Federal Housing Administration’s (FHA) single-family mortgage insurance program.
