Secretary Donovan attended the National Journal’s Policy Summit today where he discussed Washington’s role in keeping American homeowners afloat, U.S. World News & Report. FHA will review new condo restrictions, HousingWire. Joel Kotkin, Forbes contributor, penned “Don’t Bet Against The (Single-Family) House.” And, students are powering the future forward by constructing solar homes, The [...]
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Cross posted from HuffingtonPost.com A recent report by the Manhattan Institute concludes that American cities are now more integrated than they have been in a century. According to the report, all-white neighborhoods are effectively extinct, and while segregated neighborhoods racked with poverty persist, they are in decline. Undeniably, our nation has made historic strides towards [...]
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Tomorrow, the White House, HUD, and Neighborworks will join together to honor eleven housing counselors and HUD-approved organizations as Champions of Change for their hard work, perseverance and dedication to their communities. Their outstanding commitment and achievement represent the work of thousands of housing counselors across the country. From preventing the foreclosure of homes to [...]
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The American Banker reported details of Secretary Donovan’s Senate Banking Committee hearing statements (Kevin Wack). FHA Acting Commissioner Carol Galante wrote a Washington Post LTE – The FHA is part of the solution to the housing meltdown. HUD officials advised that the foreclosure-to-rental program can help reduce credit losses and stabilize home values (Associated Press). The Wall [...]
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Today, FHA announced a new premium structure for FHA-insured single family mortgages: as of this spring, the annual mortgage insurance premium (MIP) will increase by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount; and upfront premiums (UFMIP) will increase by 0.75 percent. While the new structure is expected [...]
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