HUD

WASHINGTON, D.C. - September 30, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today proposed a rule to define a ‘Qualified Mortgage (QM)’ that would be insured, guaranteed or administered by HUD, including single-family forward mortgages insured by the Federal Housing Administration (FHA). HUD is seeking the public’s comment on its proposed rule by October 30th. Read HUD’s proposed rule

WASHINGTON - September 30, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today awarded over $28 million in grants to public housing authorities, resident associations, Indian tribes, and non-profit organizations across the nation to hire or retain service coordinators to help public housing residents find jobs and achieve economic and housing independence. The funding will also link the elderly and people with disabilities with supportive services that allow them to maintain independent living and age-in-place

WASHINGTON, D.C. - September 27, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development and the U.S. Department of Veterans Affairs (VA) today announced a third round of HUD-Veterans Affairs Supportive Housing (HUD-VASH) funding to local public housing agencies across the U.S. The funding will offer permanent homes and clinical services to 110 homeless veterans (see attached chart).

WASHINGTON, D.C. - September 26, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $38.3 million to 95 fair housing organizations and other non-profit agencies in 38 states and the District of Columbia in an effort to reduce housing discrimination (see attached list of grantees). Read a complete project-by-project summary of the programs awarded grants today.

WASHINGTON - September 26, 2013 - (RealEstateRama) -- Across the nation, philanthropic organizations and community foundations work to improve neighborhoods and the lives of the people who live in them, often without much recognition for the critical work that they do. Today, the U.S. Department of Housing and Urban Development (HUD), in partnership with the Council on Foundations, announced the 2013 winners of the HUD Secretary’s Award for Public-Philanthropic Partnerships

WASHINGTON, D.C. - September 26, 2013 - (RealEstateRama) -- Sales of new single-family houses in August 2013 were at a seasonally adjusted annual rate of 421,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development and the Census Bureau and the Department of Housing and Urban Development

WASHINGTON, D.C. - September 18, 2013 - (RealEstateRama) -- The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2013:

WASHINGTON - September 17, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Colorado and provide support to homeowners and low-income renters forced from their homes due to severe storms, flooding, landslides and mudslides

WASHINGTON - September 16, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the August edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show important progress across many key indicators—as home prices, purchases of new homes, and sales of existing homes continue to show strong annual gains—although officials caution that the overall recovery remains fragile. The full Housing Scorecard is available online at www.hud.gov/scorecard.

WASHINGTON, D.C. - September 12, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $25.3 million in technical assistance to 11 organizations that will, in turn, help local communities across this country better understand their homeless challenge and successfully carry out comprehensive and sustainable “place-based” development and revitalization strategies

WASHINGTON - September 4, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) is today publishing new guidance to manage risk associated with the Federal Housing Administration’s (FHA) reverse mortgage or Home Equity Conversion Mortgage (HECM) Program. This is part of the Department’s continuing effort to reform, strengthen and protect FHA’s Mutual Mortgage Insurance (MMI) Fund. Read FHA’s mortgagee letters.

WASHINGTON, D.C. - August 29, 2013 - (RealEstateRama) -- Six federal agencies on Wednesday issued a notice revising a proposed rule requiring sponsors of securitization transactions to retain risk in those transactions. The new proposal revises a proposed rule the agencies issued in 2011 to implement the risk retention requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

WASHINGTON, D.C. - August 29, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $12.8 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 718 affordable homes for working families. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the funding awarded today, along with the labor contributed by the homebuyers and numerous volunteers, will significantly lower the cost of homeownership.

WASHINGTON, D.C. - August 27, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that the owners of Shelby Park Manor apartment complex in Shelby Township, MI, will pay $100,000 as part of an agreement resolving allegations that the property’s on-site manager refused to rent to families with children.

WASHINGTON, D.C. - August 23, 2013 - (RealEstateRama) -- Sales of new single-family houses in July 2013 were at a seasonally adjusted annual rate of 394,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development and the Census Bureau. This is 13.4 percent (±14.5%)* below the revised June rate of 455,000, but is 6.8 percent (±18.6%)* above the July 2012 estimate of 369,000.

WASHINGTON, DC - August 23, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging Fifth Third Bank, Fifth Third Mortgage Company and Cranbrook Mortgage Corporation with discriminating against a couple with disabilities who were attempting to refinance their home mortgage. HUD’s charge alleges that the Cincinnati, Ohio-based mortgage lender and the Clinton Township, Michigan-based mortgage broker required unnecessary medical documentation in order to qualify the couple for a Federal Housing Administration (FHA) loan.

WASHINGTON, D.C. - August 19, 2013 - (RealEstateRama) -- President Obama’s Hurricane Sandy Rebuilding Task Force, chaired by Housing and Urban Development (HUD) Secretary Shaun Donovan, today released a rebuilding strategy to serve as a model for communities across the nation facing greater risks from extreme weather and to continue helping the Sandy-affected region rebuild.

WASHINGTON, D.C. - August 19, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that a national property management company will pay $15,000 under an agreement resolving allegations it discriminated against a Connecticut family with children. A Middletown, Connecticut husband and wife alleged that employees at Hamilton Point Property Management, LLC refused to renew their lease after concluding the family of five was too large for the two-bedroom apartment they occupied for nearly a decade.

WASHINGTON, D.C. - August 16, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $10.5 million in grants designed to protect children and other vulnerable groups from health hazards in their homes. This funding highlights the link between housing and health and develops cost effective methods for mitigating residential hazards. HUD's grants are being awarded to academic and non-profit research institutions studying new methods to recognize and control residential health and safety hazards such as asthma triggers, bed bugs, mold and radon. Read a complete project-by-project summary of the programs awarded grants today.

WASHINGTON, DC - August 12, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the July edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show important progress across many key indicators—as home prices, purchases of new homes, and sales of existing homes continue to show strong annual gains—although officials caution that the overall recovery remains fragile.The full Housing Scorecard is available online at www.hud.gov/scorecard.