Stevens Becomes FHA Commissioner
David Stevens was sworn in this week as assistant secretary for housing and Federal Housing Administration (FHA) commissioner at the Department of Housing and Urban Development
Comments on Capital Magnet Fund Made Public
Public comments about the new Capital Magnet Fund have been posted by the Community Development Financial Institutions (CDFI) Fund.
Administration Announces Plan for HFAs
The Obama administration has announced an initiative to help state and local housing finance authorities (HFAs) maintain the viability of their lending programs during the economic downturn.
Housing Will Be Key Priority for New Administration,Congress
Restoring the housing industry to health will be a key priority of the incoming administration and Congress.
Ann Lott has resigned as president and CEO of the Dallas Housing Authority. Lott had held the top post since September 2000.
Reauthorize HOPE VI, But Make a Few Changes First
I am no longer an administration official so let me reveal a personal but, for me, necessary inconsistency between administration policy and my personal opinion: I think the HOPE VI program should be reauthorized, but not as currently conceived in legislation pending before Congress.
A Flight Toward Certainty
While many lenders are experiencing declining volumes and tightening their underwriting standards in the first quarter of 2008, the Federal Housing Administration (FHA) is having a resurgence.
HUD Contracting Faces New Scrutiny
A second internal investigation has raised fresh concerns about lax oversight and administration of contracts awarded by the Department of Housing and Urban Development (HUD).
Showdown in the Capital
House and Senate conferees have approved an increase in Department of Housing and Urban Development (HUD) funding for fiscal 2008, but the administration appears to have the votes to back up a threatened veto of the bill (H.R. 3074).
Summary: This bill would modernize and update the National Housing Act and enable the Federal Housing Administration to use risk-based pricing to more effectively reach underserved borrowers, and for other purposes.