• June 16, 2017

    Harvard University's Joint Center for Housing Studies (JCHS) released today its annual report, The State of the Nation’s Housing 2017. This year's report highlights an uneven housing recovery one decade after the onset of the Great Recession -- with prices, housing demand, and construction activity up, but tight supply and increasing costs adding to affordability pressures. The report also demonstrates that the extent of the recovery differs significantly by metropolitan area (see figure below) and by neighborhoods, which are becoming more economically segregated.

  • June 16, 2017
    NLIHC.jpg

    The National Low Income Housing Coalition (NLIHC) released last week its annual Out of Reach report which documents the gap between renters’ wages and the cost of rental housing across the nation. According to the report, there is no state, metropolitan area, or county in the country where a full-time minimum wage worker can afford a modest two-bedroom rental home.

  • June 16, 2017
    Treasury_seal.jpg

    The U.S. Department of Treasury earlier this week released a comprehensive review of federal financial regulations. The review also proposes a number of regulatory changes impacting the financial sector, including housing lending and public finance. Treasury also released a fact sheet summarizing the review’s findings.

  • June 13, 2017
    usda-rural-development-logo.png

    U.S. Secretary of Agriculture Sonny Perdue on Monday announced Anne Hazlett will lead the Rural Development agencies at the U.S. Department of Agriculture (USDA). Hazlett’s title will be assistant to the secretary for Rural Development, a new position created in keeping with Secretary Perdue’s announcement to reorganize USDA and elevate Rural Development.

  • June 12, 2017
    FSR_logo.png

    The Financial Services Roundtable (FSR) announced Monday it has hired Meg Burns as Senior Vice President of Mortgage Policy. Burns joins Ed DeMarco, former Federal Housing Finance Agency (FHFA) director, who recently became the president of FSR's Housing Policy Council (HPC).

  • June 9, 2017
    House of Representatives.gif

    The U.S. House of Representatives yesterday passed legislation, the Financial CHOICE Act (H.R. 10), that would repeal and replace many provisions of the Dodd-Frank Wall Street Reform Act. The bill passed on a largely party-line vote of 233-186, with all but one Republican voting in support and all Democrats opposed.

  • June 8, 2017
    HUD_Logo.jpg

    President Trump’s proposed fiscal year (FY) 2018 Budget for the Department of Housing and Urban Development (HUD) came under intense scrutiny from senators during committee hearings this week, as the HUD secretary and deputy secretary-designate defended the Budget at separate hearings.

  • June 5, 2017
    HUD_Logo.jpg

    The Department of Housing and Urban Development (HUD) last week held a housing forum, “A New Era of Homeownership,” to mark the beginning of National Homeownership Month, as declared by President Trump in May. The social and financial benefits of homeownership for Americans and the economy was a common thread throughout the entire forum.

  • June 2, 2017
    CFPB.jpg

    The Consumer Financial Protection Bureau (CFPB) yesterday published a notice in the Federal Register announcing that CFPB will be conducting an assessment of its Ability-to-Repay/Qualified Mortgage rule (ATR-QM). The Notice seeks public input on CFPB’s plans for the assessment and recommendations for improving it.

  • May 26, 2017
    FHFA_Logo.jpg

    The Federal Housing Finance Agency (FHFA) yesterday issued a Request for Input on how the single family housing market can better serve qualified borrowers with Limited English Proficiency (LEP). FHFA published this request to advance one of the goals of its 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions, which calls on Fannie Mae and Freddie Mac to identify obstacles impacting LEP borrowers and formulate plans for increasing such borrowers’ access to mortgage credit.