• November 16, 2017
    FHA.JPG

    The Federal Housing Administration (FHA) released November 15 its 2017 Report to Congress on the financial status of its Mutual Mortgage Insurance Fund (MMIF). The report finds that the economic value of the MMIF, which finances FHA’s single-family loan programs, declined slightly in fiscal year (FY) 2017 but still remains above its statutorily mandated capital ratio of 2 percent.

  • October 26, 2017
    senate.jpg

    The Senate Banking Committee today held a hearing to consider President Trump’s nomination of Brian Montgomery to be Commissioner of the Federal Housing Administration (FHA) and HUD Assistant Secretary for Housing.

  • October 24, 2017
    HUD_Logo.jpg

    At a recent House Financial Services Committee oversight hearing, HUD Secretary Ben Carson outlined his new “FORWARD” Initiative; responded to a series of questions about the Federal Housing Administration, HUD’s Fiscal Year (FY) 2018 Budget, and the agency’s disaster relief efforts; and repeated statements he has made in the past supporting the Housing Credit.

  • October 24, 2017
    FHA.JPG

    HUD Secretary Ben Carson yesterday said that his agency is working with the Department of Justice (DOJ) to clarify rules regarding penalties for lenders making Federal Housing Administration (FHA) loans.

  • September 14, 2017
    HUD_Logo.jpg

    The U.S. Senate earlier today confirmed Pamela Patenaude’s nomination to serve as Deputy Secretary for Housing and Urban Development (HUD). The final vote approving Patenaude’s nomination was 80-17, with all Republicans and most Democrats voting in favor.

  • September 13, 2017
    FHA.JPG

    President Trump yesterday nominated Brian Montgomery to serve as commissioner of the Federal Housing Administration (FHA) and HUD assistant secretary for housing. Montgomery previously served as FHA commissioner/assistant secretary for housing from 2005 to mid-2009 after working on President George W. Bush’s White House staff. He is currently vice-chairman of the Collingwood Group, a housing finance consulting firm he co-founded.

  • August 30, 2017
    FHA.JPG

    The Federal Housing Administration (FHA) yesterday announced that it is amending the fees it charges borrowers through its Home Equity Conversion Mortgage (HECM) program.

  • April 28, 2017
    US-WhiteHouse-Logo.jpg

    The White House announced today that President Donald Trump intends to nominate Pamela Patenaude to serve as Deputy Secretary for Housing and Urban Development (HUD). Patenaude is currently president of the J. Ronald Terwilliger Foundation for America’s Families, an organization that seeks to elevate housing’s place on the political agenda.

  • January 24, 2017
    senate.jpg

    The Senate Banking Committee earlier today voted unanimously to favorably report Dr. Ben Carson’s nomination to serve as Secretary for Housing and Urban Development. Carson’s nomination will now be referred to the full Senate for consideration. It is not yet known when the Senate will take up his nomination.

  • January 23, 2017
    FHA.JPG

    In one of the first policy actions taken by President Trump’s new Administration after he was sworn in, the Federal Housing Administration (FHA) on Friday published a Mortgagee Letter (ML-2017-07) that cancels a scheduled reduction in the annual mortgage insurance premium FHA charges for most single-family mortgages it insures. The reduction, which HUD announced January 9, was set to take effect on January 27 and would have reduced most premiums by .25 percent (see previous blog post for more information).