HUD

“We want to make sure that our cash [inflows] exceed our cash outflows, so again, we’re looking at a lot of different things, and premiums being one of them, but there are other things that we’re considering as well," FHA Commissioner Brian Montgomery said.
FHA
April 23, 2020 9:00 PM

The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks.

6 Min Read
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Brad Finkelstein
March 25, 2020 2:27 PM

The Department of Housing and Urban Development's 60-day foreclosure halt for Federal Housing Administration borrowers is too short to help reverse mortgage borrowers, a letter from consumer groups stated.

1 Min Read
News of the temporary freeze came as the administration had faced increasing pressure from members of Congress and housing advocates to halt foreclosures and evictions in response to the worsening economic fallout from the coronavirus outbreak.
Neil Haggerty
March 18, 2020 12:42 PM

The temporary foreclosure moratorium on loans backed by HUD, Fannie Mae and Freddie Mac comes after lawmakers and housing advocates had pushed for steps to avoid consumers getting booted from their homes.

2 Min Read
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Bonnie Sinnock
March 5, 2020 1:17 PM

Endorsements of Home Equity Conversion Mortgages fell nearly 14% on a consecutive-month basis in February after a January surge, but stayed relatively strong compared to average levels last year.

1 Min Read