Mortgage Assistance Available To Maui Wildfire Victims As Developers Told To Stay Away

Mortgage Assistance Available To Maui Wildfire Victims As Developers Told To Stay Away

By KIMBERLEY HAAS Federal housing officials have pledged to support people affected by the wildfires on the Hawaiian island of Maui as the state’s governor warns developers to stay away. Officials from Ginnie Mae, the Federal Housing Administration, the Federal Housing Finance Agency, the United States Department of Agriculture, and the United States Department of…

FHFA: Encouraging Trend Seen In Efforts To Reduce Valuation Gaps

FHFA: Encouraging Trend Seen In Efforts To Reduce Valuation Gaps

By KIMBERLEY HAAS Officials at the Federal Housing Finance Agency say racial and ethnic valuation gaps in home appraisals are being reduced in a majority of states. ​​​​​​​​​​​​​​​​According to a blog published Tuesday, “Although an appraisal valuation gap continues to exist between white and minority population tracts, data indicate a reduced gap following actions by…

Financial Assistance For Homeowners Expands As Interest Rates Continue To Skyrocket
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Financial Assistance For Homeowners Expands As Interest Rates Continue To Skyrocket

By NICOLE MURRAY There have been 1.3 million cases where loss mitigation options have helped borrowers remain in their homes since the start of the Covid-19 pandemic, according to officials at the U.S. Department of Housing and Urban Development. A few common tools available through these home retention programs include a loan modification, forbearance agreement,…

New Manufactured Housing Office Highlights Affordability Concerns

New Manufactured Housing Office Highlights Affordability Concerns

A new independent office has been created for manufactured housing programs at the U.S. Department of Housing and Urban Development. Employees at the Office of Manufactured Housing Programs will report to Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon, according to a press release. The office was previously organized under the Office of…

Housing Starts Exceed Expectations

Housing Starts Exceed Expectations

By KIMBERLEY HAAS Privately-owned housing starts surpassed estimates in May, beating expectations as the housing market remains tight. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced the latest residential construction statistics on Tuesday morning. “Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000. This…

Former HUD Official Sentenced To Prison

Former HUD Official Sentenced To Prison

By KIMBERLEY HAAS A Virginia man who worked as an assistant inspector general for the U.S. Department of Housing and Urban Development has been sentenced to one year and one day in prison after being convicted of engaging in a scheme to steer government contracts to a personal friend. Eghbal “Eddie” Saffarinia, 63, of Front…

HUD Assisting Local Governments Bringing Housing And Transportation Together

HUD Assisting Local Governments Bringing Housing And Transportation Together

Officials at the U.S. Department of Housing and Urban Development have opened a portal for local government leaders to request technical assistance so housing needs are considered as part of their larger infrastructure investment plans. The Thriving Communities technical assistance program was designed to help local government leaders identify land for housing development near transportation projects,…

Officials: Beware Of Scammers, How To Get Help After Hurricane Ian
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Officials: Beware Of Scammers, How To Get Help After Hurricane Ian

By KIMBERLEY HAAS Officials at the Federal Emergency Management Agency are warning survivors of Hurricane Ian they should be aware of con artists and criminals looking to take advantage of the situation. Predators may promise homeowners a disaster grant in return for payment or fill out an application for assistance without a person’s knowledge, according…

Labor Day Blues: Can The Average American Worker Afford To Buy A House?
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Labor Day Blues: Can The Average American Worker Afford To Buy A House?

By KIMBERLEY HAAS This Labor Day weekend, some workers are wondering what happened to the American Dream of earning enough from a nine-to-five job to buy their own home — with or without the white picket fence.  According to officials at the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the median…

$3.3 Million In Funding Available To Combat COVID-19 Housing Discrimination
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$3.3 Million In Funding Available To Combat COVID-19 Housing Discrimination

By KIMBERLEY HAAS Officials at the U.S. Department of Housing and Urban Development are making an additional $3,285,353 in American Rescue Plan funding available to help fight housing discrimination related to the COVID-19 pandemic. The announcement was made on Tuesday and according to a press release, this is the third round of American Rescue Plan…

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