Newsroom
FHFA Approves New Credit Score Models for GSE Loans
The Federal Housing Finance Agency (FHFA) announced earlier this week that it had officially approved the use of two new credit scoring models by the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac: the FICO10T model and the VantageScore 4.0 model.
FHFA Announces Elimination of GSE Upfront Fees for HFA Loans, Other Affordable Mortgages
The Federal Housing Finance Agency announced this week that government sponsored enterprises Fannie Mae and Freddie Mac will soon eliminate upfront fees for single-family mortgage loans assisting low- and moderate-income home buyers, including Fannie Mae HFA Preferred and Freddie Mac HFA Advantage loans. The GSEs will increase fees for most cash-out refinance loans.
Connect Maryland: Board of Public Works Approves $30 Million for Laptops to Improve Internet Access For Underserved Households
Governor Larry Hogan today announced that the Maryland Board of Public Works approved a contract of up to $30 million for the Office of Statewide Broadband to provide laptops to underserved households in order to help address the digital divide. The contract will provide internet capable devices for an estimated 150,000 Maryland households.
NCSHA Recognizes Affordable Housing Innovation Among State Housing Finance Agencies
WASHINGTON, DC — On October 24, the National Council of State Housing Agencies (NCSHA) recognized state housing finance agencies (HFAs) for programs and practices that effectively address the...
Financing is Complete for 1599 Columbus Avenue in Boston, Where 65 New Affordable Apartment Homes Will Be Constructed as Part of the Jackson Square Redevelopment
Today, MassHousing, the City of Boston, the Massachusetts Department of Housing and Community Development (DHCD), and Urban Edge, announced the completion of financing for the 65-unit, 1599 Columbus Avenue in Boston, which is part of Jackson Square Redevelopment. All 65 units at the new building will be affordable to lower-income residents.
Iowa Finance Authority Honored with National Marketing Award for Connecting Homebuyers with Lenders
The Iowa Finance Authority (IFA) was today honored with a national award for excellence in marketing from the National Council of State Housing Agencies (NCSHA). The award was announced at NCSHA’s annual conference in Houston, Texas.
Weatherization Day to Honor U.S. Department of Energy’s Weatherization Assistance Program
Kentucky Housing Corporation (KHC) joins the U.S. Department of Energy’s (DOE) Weatherization Assistance Program (WAP) in celebrating National Weatherization Day on October 30.
MassHousing Closes on $8.5 Million in Financing for the New, 24-Unit Rindge Commons in Cambridge
MassHousing has closed on $8.5 million in affordable housing financing to the nonprofit Just A Start for the development of 24 new affordable apartments on its Rindge Tower property in Cambridge.
Impact Life Inc to Open Delaware’s First Recovery Farm in Seaford, Delaware
Impact Life Inc. will host a Ribbon Cutting for their newest addiction recovery program, The Sanctuary, at Impact Life Farm in Seaford, Delaware. The event is free and open to the public.
FHFA Announces Targeted Pricing Changes to Enterprise Pricing Framework
Washington, D.C.– The Federal Housing Finance Agency (FHFA) today announced targeted changes to Fannie Mae and Freddie Mac's (the Enterprises) guarantee fee pricing by eliminating...
NCSHA Washington Report | October 21, 2022
The nation’s state housing finance agencies and their business and community partners will convene in Houston starting this weekend for NCSHA’s first in-person annual conference in three...
Governor Hochul and Mayor Adams Announce Completion of $62 Million Affordable Housing Development in the Bronx
Governor Kathy Hochul and Mayor Eric Adams today announced the completion of a $62 million affordable housing development in the Morrisania section of the Bronx. The El Borinquen Residence creates 148 new affordable apartments, including 90 with on-site supportive services for people experiencing homelessness and 29 homes reserved for seniors.
