HUD offers foreclosure relief to Texans saddled by floods
The 90-day moratorium bars foreclosures on FHA-insured mortgages in Kerr County’s federally declared disaster area.
Government Lending
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FHA seeks input on buy now, pay later lending
The Federal Housing Administration (FHA) has opened a request for information on buy now, pay later (BNPL) lending as it seeks to understand its implications for housing affordability and stability.
FHA rescinds 12 policies as Trump administration pushes to cut red tape
Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.”
HUD approves Asheville’s hurricane recovery plan after initial objection over DEI
The city’s $225M recovery plan, initially rejected by HUD over DEI concerns, is one step closer to being fulfilled.
HUD secretary open to withholding federal funding from cities over homelessness
Turner said that withholding federal funds from cities failing to show progress on homelessness “may be a good idea.”
HUD reinstates nonprofit’s affordable housing grants after appeal
The restored Community Compass and Distressed Cities agreements allow the Cleveland-based nonprofit to resume work supporting communities facing economic hardship.
Trump administration eyes deep cuts to Section 8 housing vouchers
According to The New York Times, the Trump administration is considering dismantling existing aid and replacing it with state-run grants.
HUD’s Innovative Housing Showcase is returning to DC in 2025
This year, the showcase is tied to the 250th anniversary of the U.S. and an executive order issued by President Donald Trump on plans for a “grand celebration” of the milestone.
Report suggests key HECM field office at HUD could be shut down
Among dozens of reported potential field office closures, one in Oklahoma has the potential to significantly impact the FHA-insured HECM program.
Loan officers are seeing an uptick in FHA, VA demand
Loan officers are seeing increase demand for government mortgages, and if rates go lower, there could be a wave of refinances to follow.