In response to the National Emergency declared by President Trump on March 13, 2020, in connection with COVID-19, Ginnie Mae provided Issuers temporary relief from the acceptable delinquency rate threshold requirement identified in Ch. 18, Part 3, § C of the Mortgage-Backed Securities (MBS). […]
This document provides talking points HFAs and their partners can use to advocate for supplemental HOME funding to assist in the COVID-19 response. […]
This document provides talking points that HFAs and their partners can use to advocate for the enactment of the Housing Assistance Fund. […]
Read More… from Why Congress Should Enact the Housing Assistance Fund
The Federal Housing Administration (FHA), the Department of Agriculture (USDA), and the Department of Veteran Affairs (VA) have aligned to provide consumers with information that outlines their responses to forbearance and loss mitigation options available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. View Document […]
Read More… from CARES Act Forbearance Fact Sheet for Borrowers with FHA, VA, or USDA Loans
The Federal Housing Administration (FHA), the Department of Agriculture (USDA), and the Department of Veteran Affairs (VA) have aligned to provide servicers with information that outlines their responses to forbearance and loss mitigation options available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. View Document […]
On May 6, 2020, 32 House members, led by Representative David Scott (D-GA), sent this letter to House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA) in support of $75 billion in funds to assist homeowners prevent foreclosures, defaults, and loss of utilities. View Letter […]
Read More… from House Congressional Sign-On Letter in Support of Assistance for Homeowners
On May 1, 2020, Representatives Steve Stivers (R-OH), C.A. “Dutch” Ruppersberger (D-MD), and 41 colleagues from both parties sent Treasury Secretary Steven Mnuchin and Federal Reserve Board Chairman Jerome Powell this letter calling on them to use authority and funding provided in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to support the municipal […]
HUD published in the Federal Register a final rule implementing Fixing America’s Surface Transportation (FAST) Act legislation allowing public housing authorities (PHAs) and owners to conduct full income recertifications for families with 90 percent or more of their income from fixed income every 3 years instead of annually. The rule is effective June 8, 2020. […]
On May 6, 2020, 115 national organizations, including NCSHA, sent this letter to House and Senate leaders in support of legislation that would provide $100 billion in emergency rental assistance through the Emergency Solutions Grant program to respond to rental housing needs due to the COVID-19 pandemic. View Document […]
