On September 8, 2020, NCSHA submitted this letter supporting the Consumer Financial Protection Bureau’s proposal to eliminate the maximum borrower debt-to-income (DTI) ratio of 43 percent that mortgages must meet to satisfy the definition of “Qualified Mortgage” (QM) and qualify for the legal protection the definition confers. Rescinding the DTI ratio will allow many creditworthy […]
Read More… from NCSHA Comment Letter on CFPB’s Proposed Rule on the Qualified Mortgage Definition
On September 8, 2020, NCSHA submitted this comment letter in response to the Internal Revenue Service’s proposed rule modifying the minimum sample size for Low Income Housing Tax Credit compliance monitoring requirements. […]
Read More… from NCSHA Comments on IRS’s 2020 Housing Credit Compliance Monitoring Proposed Rule
On September 1, 2020, the Centers for Disease Control and Prevention issued this emergency public health order to temporarily halt evictions to prevent the further spread of COVID-19. View Document […]
Issued on September 1, 2020, this notice from the U.S. Department of Housing and Urban Development announces the allocation formula, amounts, and requirements for the $3.96 billion in funding for the Emergency Solutions Grants Program under the CARES Act. […]
This August 31, 2020, letter to Director Mark Calabria comments on Federal Housing Finance Agency’s proposed capital framework for Fannie Mae and Freddie Mac. […]
Read More… from NCSHA Comments on FHFA’s Proposed Capital Rule for Fannie Mae and Freddie Mac
Published on August 28, 2020, in the Federal Register, this notice from the U.S. Department of Housing and Urban Development provides implementation requirements for expanding the Moving to Work (MTW) demonstration program from the current 39 agencies to 100 over a period of seven years, as authorized in the FY 2016 Consolidated Appropriations Act. […]
Read More… from HUD Operations Notice for Expanding the Moving to Work Demonstration Program
This matrix shows critical components of state HFA emergency rental and mortgage assistance programs established in response to the COVID-19 pandemic. The presentation provides analysis, early takeaways, and additional resources. View Document Download Presentation Next update September 28, 2020. […]
Read More… from Matrix of State HFA Emergency Rental and Housing Assistance Programs
This notice describes the program rules, statutory and regulatory waivers, and alternative requirements applicable to supplemental Community Development Block Grant (CDBG) funds made available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to prevent, prepare for, and respond to the coronavirus pandemic and to annual formula CDBG grants awarded in FY 2019 and […]
On August 13, 2020, NCSHA joined a broad coalition of organizations representing the housing and financial services industries as well as public interest groups in issuing this statement on the GSEs′ new adverse market fee on refinancings. […]
Read More… from Joint Industry Group Statement on Fannie Mae and Freddie Mac Adverse Market Fee
