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SDHDA Encouraging Struggling Homeowners to Reach Out to Their Loan Servicers
South Dakota Housing Development Authority (SDHDA) is encouraging homeowners, struggling to make their mortgage payments, to reach out to their loan servicer for payment relief options. Your loan servicer is who you make your monthly payments to and their contact information can usually be found on your mortgage statement.
NCSHA Washington Report | April 24, 2020
It now seems clear the federal government intends to let significant harm come to the housing market, rather than take the proactive and preventative steps so many of us in the industry and...
NCSHA Statement on FHFA’s Announcement Fannie Mae and Freddie Mac Will Purchase Loans in Forbearance
NCSHA commends the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac for taking steps this week to provide needed liquidity for home mortgage loans closed before homeowner forbearance...
DSHA Pauses Delaware Housing Assistance Program to Manage Volume, Assess Available Resources
Delaware State Housing Authority (DSHA) is temporarily pausing application submissions for the Delaware Housing Assistance Program (DE HAP). Pausing the program will allow DSHA to explore how resources from the federal government and others may be used in the coming weeks to continue the program and respond to the ongoing high demand for assistance. It will also allow DSHA staff and community partners to process the more than 5,000 applications that have been received since the program launched on March 26.
PHFA Recognizes Its Top Lending Partners
The Pennsylvania Housing Finance Agency is honoring its top lending partners for 2019. Homebuyers across Pennsylvania work with these approved lenders for the application, processing, and closing of affordable PHFA home loans. “Thanks to the outstanding efforts of these PHFA lending partners, residents across the commonwealth have been able to realize their dream of owning a home,” said PHFA’s Executive Director and CEO Robin Wiessmann.
Housing Regulator Takes Step to Ease Crunch at Mortgage-Finance Companies
WASHINGTON—A U.S. housing-finance regulator on Wednesday announced steps to ease strains on mortgage companies facing a cash crunch as millions of Americans suspend their monthly payments amid...
How the Fed Can Protect the Housing Market – and Why It Should
While the CARES Act stimulus bill recently signed into law provided short-term, temporary relief from monthly mortgage and rent payments for millions of Americans, the law still requires those...
Excluded From Bailouts, Mortgage Servicers Face Cash Crunch
Washington — Federal policymakers have rushed to backstop nearly every corner of the financial system as the coronavirus exacts a bruising toll on the U.S. economy. But there is growing concern...
Fannie, Freddie May Soon Buy Home Loans in Forbearance to Help Mortgage Firms
A top U.S. regulator is considering taking steps to ease strains on mortgage companies facing a cash crunch as millions of Americans struggling with the fallout from the coronavirus suspend their...
FHFA Announces Relief for GSE Mortgage Servicers
FHFA announced today that it would limit to four months the time period Fannie Mae and Freddie Mac (the GSEs) mortgage servicers must make monthly payments on home loans despite reduced or missed payments from borrowers. Under the policy, once a servicer has advanced four months of missed payments on a single-family loan, it will have no further obligation to advance scheduled monthly principal and interest payments for that loan. This applies to all GSE servicers.
MassHousing Completes Workforce Housing Financing for New, 68-Unit Housing Community in Newton
MassHousing has closed on $1.3 million in affordable workforce housing financing to Austin Street Partners LLC, for the new, 68-unit 28 Austin Street in Newton, which offers 23 workforce housing apartments for lower- and moderate-income households. The recently completed 28 Austin Street development is a public-private partnership between Austin Street Partners, a joint venture of Dinosaur Capital Partners and Oaktree Development, and the City of Newton.
Housing and Civil Rights Coalition Demands Federal Liquidity Facility for Servicers
A coalition of housing advocacy groups, national and regional civil rights organizations and minority-focused real estate trade associations, joined by former Mortgage Bankers Association chief...
