The Federal Housing Administration said today that the capital ratio for its mortgage insurance fund has reached 2.32 percent, a reflection of continued improvements in the housing market and the second year in a row since 2008 that the fund has reached the congressionally mandated 2 percent level.
The Federal Housing Administration today lowered its owner-occupancy requirement for condominium financing, effective immediately.
The Federal Financial Institutions Examination Council today released the 2015 Home Mortgage Disclosure Act data on mortgage lending transactions at 6,913 financial institutions.
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process fell 6 percent in the second quarter, following a first-quarter decline that marked the lowest level since the first quarter of 2008.
The FDIC today released a new guide to affordable single-family home loan programs, which collects information about programs to expand access to affordable mortgage credit, including programs targeted in rural and low- and moderate-income communities and to Native Americans and veterans.
The case that generated last summer’s Supreme Court decision allowing disparate impact cases to be brought under the Fair Housing Act, Inclusive Communities Project Inc. v. Texas Department of Housing and Community Affairs, was dismissed on last week by the district court judge charged with determining whether the housing advocacy plaintiff met the Court’s newly articulated standard for establishing disparate impact.
As the Obama administration today announced the Clean Energy Savings for All Initiative — a cross-government partnership aimed at promoting energy efficiency and increasing access to solar energy, particularly for low- and moderate-income families — several agencies released new guidance on Property-Assessed Clean Energy loans.
The Federal Housing Administration today issued new certifications that lenders writing FHA-insured loans will have to make.
The Federal Housing Administration today announced a series of reductions for the insurance rates it charges on multifamily home loans.
The federal government has spent just under half of the Troubled Asset Relief Program funds authorized in 2008 to assist troubled home borrowers, according to a report Friday from the Government Accountability Office.