Please click here for National Housing Conference's Policy Statement on the U.S. Housing Finance System.
Housing News
June 20, 2011
June 20, 2011
Please click here to read the proposal.
June 20, 2011
In October of 2008, The Mortgage Bankers Association's brought together a Council on Ensuring Mortgage Liquidity. The below report suggests a framework for government involvement in the single-family and multifamily secondary mortgage markets, with a particular focus on the roles currently played by Fannie Mae and Freddie Mac. While clearly not the only potential framework for the future, the Council’s recommendations represent a clear, concise and workable approach to ensuring liquidity to the mortgage market.
June 20, 2011
Please click here for a list of petitions and descriptions of each.
June 20, 2011
The Department of the Treasury is amending its policy regarding the time limitation within which State housing credit agencies must disburse funds received under section 1602 of the American Recovery and Reinvestment Tax Act of 2009. This change will allow States to disburse section 1602 funds to subawardees through December 31, 2011 under certain conditions.
Please click here for the full text of the rule.
June 20, 2011
WASHINGTON - U.S. Department of Housing and Urban Development Secretary Shaun Donovan today announced HUD is launching a $50 million effort to help state and local governments address the inventory of foreclosed properties assisted under the Department's Neighborhood Stabilization Program (NSP). HUD is awarding $44.5 million to nine national organizations and another $5.5 million to help local communities purchase, rehabilitate and resell foreclosed properties in especially hard-hit neighborhoods.
June 20, 2011
Bucking a six-month trend of falling home sales, Bay State home sales shot up nearly 12 percent in July year-over-year while the decline in median home prices narrowed, The Warren Group reported today.
"This is a much-needed boost for the state's housing market," said Timothy M. Warren Jr., CEO of The Warren Group, publisher of Banker & Tradesman. "We haven't had a double-digit gain in monthly home sales since last October. And the declines in home prices have been getting smaller every month."
June 20, 2011
The proportion of homeowners delinquent on their mortgage or in foreclosure rose to its highest levels in at least four decades, according to industry data released Thursday, despite extensive government efforts to help borrowers and signs that the economy is starting to heal.
Please click here for the full story.
June 20, 2011
Foreclosures in Massachusetts increased almost 9 percent in July from the prior month but dropped 38 percent from the same month last year, according to a new report from The Warren Group, publisher of Banker & Tradesman. At the same time, the number of foreclosures initiated by lenders rose from the prior year and has approached historic highs.
Please click here for the full article.
June 20, 2011
BOSTON – Tuesday, August 18, 2009 – As part of his Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced the state will target $45.5 million in federal recovery funds to help jump start delayed affordable housing developments throughout Massachusetts and create hundreds of jobs.
Please click here for the entire press release.