Housing Today – Housing News That Matters

CBC Mortgage Agency Lauds Chairman Lacy Clay’s Questioning on Down Payment Assistance

By Jim Stevens

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December 10, 2019

| Government and Politics, Housing Policy, Laws And Regs, Politics and Money

Clay Questioned FHA Commissioner Brian Montgomery; Underscored Collecting Data on Individual Government Entities as Paramount to Extending DPA Assistance to Minority Communities WASHINGON – CBC Mortgage Agency (CBCMA) today applauded Chairman Lacy Clay (D-Mo.) of the House Financial Services Subcommittee on Housing, Community Development & Insurance for his supportive remarks regarding down payment assistance (DPA) programs. During the […]

HUD Must Not Discriminate Against Tribal Nations

By Steve Caroley

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November 13, 2019

| No Comments

| Uncategorized

NCAI Announces Resolution That Calls Upon HUD to Consult With Tribal Nations Before Beginning Rule-Making on Government Down Payment Assistance. Last Friday, the National Congress of American Indians (NCAI) vote to adopt a resolution (http://www.ncai.org/ABQ-19-025.pdf) calling upon the Department of Housing and Urban Development (HUD) not to discriminate against tribal nations providing down payment assistance for FHA […]

They Have Got No Equity, There Is No Spare Money To Spend, It’s Heartbreaking

By Janet Cambell

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April 20, 2024

| No Comments

| Housing Guidelines, Housing Marketing Reports

It’s Friday desk clearing time for this blogger. “Total home sales fell more than 4% in March, the National Association of Realtors said Thursday. Lawrence Yun, the association’s chief economist, said in the report rising job numbers suggest there are more aspiring home buyers in the market now than when compared to pre-Covid highs, but […]

Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit

By Janet Cambell

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April 19, 2024

| No Comments

| Mortgage

Ginnie Mae has filed a point-by-point response to the initial complaint of the case brought against it by Texas Capital Bank (TCB), which alleges that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity […]

Prices for luxury homes soared in the first quarter

By Janet Cambell

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April 19, 2024

| No Comments

| Mortgage

Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. In comparison, prices for non-luxury homes rose by 4.6% to a median of $345,000, which is also a record high. Redfin defined luxury homes as […]

Retiring at age 65 is no longer feasible, older investors say

By Janet Cambell

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April 19, 2024

| No Comments

| Mortgage

Retirement at 65 has been a longstanding norm for U.S. workers, but older investors believe that not only is such an outcome unfeasible, but they’re likely to face more challenging retirements than their parents or grandparents. This is according to recently released survey results from Nationwide, with a respondent pool that included 518 financial advisers […]

New HUD rule aims to increase lender participation in tribal housing program

By Janet Cambell

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April 19, 2024

| No Comments

| Mortgage

The U.S. Department of Housing and Urban Development (HUD) this week announced a new rule aimed at bolstering the department’s Section 184 Indian Housing Loan Guarantee program, with the goal to increasing lender participation and ensure access to potential Native American beneficiaries. The final rule, published in the Federal Register on March 20 but formally […]

2024 AI Index Report: AI’s Past and Future

By Robert Gilway

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April 19, 2024

| No Comments

| Housing Finance, Housing Policy

Stanford University’s Institute for Human-Centered Artificial Intelligence released its 2024 AI Index Report, last week. This document helps synthesize data across a variety of fields to track trends in AI innovation, investment, regulation, and social impacts. This year’s report documents AI’s astonishing progress on tasks such as image classification and language understanding, where it has […]

Ginnie Mae President Alanna McCargo to resign

By Janet Cambell

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April 19, 2024

| No Comments

| Mortgage

Ginnie Mae President Alanna McCargo is resigning from her position at the government-owned company effective May 3, according to an announcement issued Friday by the U.S. Department of Housing and Urban Development (HUD). Ginnie Mae principal executive vice president Sam Valverde will serve as acting president of the company upon her departure. “The past 3.5 […]

MBA appoints director of associate membership

By Janet Cambell

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April 19, 2024

| No Comments

| Mortgage

Alicia Goncalves has joined the Mortgage Bankers Association (MBA) as director of associate membership, the trade association announced on Friday. In this role, Goncalves will serve as the primary point of contact for MBA’s associate members, supporting their business efforts and enhancing their engagement with MBA. “Alicia is a passionate industry advocate who brings nearly […]

The New Deal’s Failed Kibbutz in the Desert

By Robert Gilway

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April 19, 2024

| No Comments

| Housing Finance, Housing Policy

At the height of the New Deal, with the Social Security Act, the Securities and Exchange Commission, and the Civilian Conservation Corps already enacted, the Roosevelt Administration’s Farm Security Administration (FSA), veered from reform to the outright radical: the establishment of an American version of a Soviet collective farm. The largest of nine such projects […]

Columbia’s Once and Future Folx

By Robert Gilway

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April 19, 2024

| No Comments

| Housing Finance, Housing Policy

As I write, Columbia University remains closed to the public, a couple of hours after the NYPD came in at the request of the president, Nemat (“Minouche”) Shafik, and arrested busloads of anti-Israel student protestors who had been camped out in front of the main library. Because they refused to disperse, despite being informed numerous […]

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