Newsroom
Ginnie Mae Releases New COVID-19 Pass-Through Assistance Program
On Friday, Ginnie Mae released its promised Pass-Through Assistance Program related to COVID-19 (PTAP/C19). Under the program, Ginnie Mae will provide pass-through payments to single-family issuers...
NCSHA Washington Report | April 10, 2020
Federal economic policymakers are focused for good reason on the families, businesses, and industries already crippled by the COVID-19 pandemic. The urgent question is whether they’ll apply the...
MassHousing Surpasses $1 Billion in Multifamily Accelerated Processing (MAP) Lending, Preserving More Than 7,400 Affordable Rental Housing Units for Massachusetts Residents
MassHousing has surpassed $1 billion in lending through the MAP program, preserving the affordability of 43 affordable housing communities since 2015 and extending affordability protections on more than 7,400 rental housing units for lower-income Massachusetts residents. Since MassHousing began executing MAP transactions, the Agency has consistently ranked among the nation’s larger MAP lenders and has built the largest MAP lending program of any state housing finance agency.
Fannie, Freddie Unlikely to Aid Mortgage Companies as Payments Dry Up, FHFA Chief Says
Mark Calabria, who leads the Federal Housing Finance Agency, described industry concerns as “spin.” In an interview on Tuesday, he also said he doesn’t see it as the role of government-backed...
Federal Reserve Takes Additional Actions to Provide Up to $2.3 Trillion In Loans to Support The Economy
The Federal Reserve, on April 9, took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the...
The Coronavirus is Exposing America’s Housing Crisis
Just as Americans are being instructed to stay home, it’s becoming one of the hardest things to afford. On March 31, about 300 tenants received an email from their apartment management company. The...
Top Loan Officers and Lenders Recognized by NHHFA for Outstanding Efforts in Assisting Homebuyers
Lenders and loan originators were recently recognized by New Hampshire Housing for helping 2,000 homebuyers find affordable homes and loans last year. The awards were given to the lending institutions and loan originators who assisted the most homebuyers through New Hampshire Housing programs in 2019.
Funding Available Through the CARES Act for Nonprofits and Units of Local Government to Provide Emergency Shelter and Homelessness Prevention
Per the CARES Act, South Dakota has initially received an allocation of $2,199,893 of special ESG program funds to be used to prevent, prepare for, and respond to the coronavirus pandemic (COVID-19) among individuals and families who are homeless or receiving homeless assistance; and to support additional homeless assistance and homelessness prevention activities to mitigate the impacts of COVID-19.
NCSHA Washington Report | April 3, 2020
The high-level task force Treasury Secretary Mnuchin assembled to craft a federal response to the financial crisis facing the mortgage servicing industry in this new era of mass...
HUD Moves Quickly To Make $3 Billion of COVID-19 Relief Funding Available To Communities Across The Nation
After the President signed the CARES Act last Friday, Secretary Ben Carson directed the U.S. Department of Housing and Urban Development (HUD) to immediately begin allocating $3.064 billion to help...
U.S. Holds Off on Extending Virus Aid to Mortgage Servicers
U.S. regulators are holding off on helping mortgage servicing firms that could be hit with a surge of missed payments from borrowers hurt by the coronavirus crisis, according to people familiar with...
HUD Issues New Cares Act Mortgage Payment Relief for FHA Single Family Homeowners
Washington - On April 1, the U.S. Department of Housing and Urban Development announced a tailored set of mortgage payment relief options for single-family homeowners with FHA-insured mortgages who...
