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U.S. Department of Housing & Urban Development (HUD)

HUD Partners With National League of Cities to Combat Veteran's Homelessness

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The U.S. Department of Housing & Urban Development (HUD) and National League of Cities (NLC) have announced a new Memorandum of Understanding (MOU) to help fight against veteran homelessness in cities across the country. To date, more than 255 cities, counties and states are pledging to end veteran homelessness in their communities by 2015 using the power of federal, state, local, and non-profit resources.Click to continue

Single-Family Starts Rise 4.2 Percent in October

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Single-family housing production in October reached its highest level since November 2013, while the more volatile multifamily sector brought combined nationwide starts activity down 2.8 percent to a seasonally adjusted annual rate of 1.009 million units, according to newly released figures from the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau.Click to continue

FHA's Mutual Mortgage Insurance Fund Exhibits $21 Billion in Growth Over Two Years

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The U.S. Department of Housing & Urban Development (HUD) has released its annual report to Congress on the financial condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. The independent actuarial report shows that FHA’s Mutual Mortgage Insurance Fund (MMIF) has improved going from a negative value to a growth of $21 billion within two years.Click to continue

NRMLA Supports FHA's Financial Assessment Rule Implementation

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The National Reverse Mortgage Lenders Association (NRMLA) is announcing its support for the Federal Housing Administration’s (FHA) new financial assessment rule for home equity conversion mortgages (HECMs). As part of industry-supported changes to the program, the U.S.Click to continue

New Survey Proclaims Missouri as a Retiree Paradise

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Where is the best place for Americans to retire? According to a new report issued by Livability.com, the 65-plus crowd would do well to plant their roots in Springfield, Mo.Click to continue

HUD Levies Fine on American Bank for Discrimination Changes

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The U.S. Department of Housing & Urban Development (HUD) has announced that it has entered into an Initial Decision and Consent Order with American Bank, resolving HUD’s charge that the Rockville, Md.-based lender discriminated against applicants with disabilities when it allegedly required applicants to provide documentation regarding their disabilities and attempted to obtain information about the nature and extent of those disabilities. Click to continue

LoanLogics Upgrades Its LoanHD Tool

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LoanLogics has announced that it has enhanced its LoanHD platform with the a fully automated signature clipping tool, SignaFacts, that provides visual validation of execution and easy comparison of signatures. The types of documents evaluated by this tool include, but are not limited to, the Good Faith Estimate (GFE), Truth-in-Lending disclosure, mortgage note, deed of trust and U.S. Department of Housing & Urban Development (HUD) endorsement.Click to continue

HUD Releases Two-Year Update on Hurricane Sandy Recovery

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The U.S. Department of Housing & Urban Development’s (HUD) Sandy Program Management Office (PMO) has issued a report tracking progress on the Sandy Rebuilding Strategy. The Rebuilding Strategy, released by the Hurricane Sandy Rebuilding Task Force in August 2013, includes a long-term plan that guides Sandy Supplemental spending, drives regional coordination, and makes communities more resilient to future disasters.Click to continue

New-Home Sales Rise Slightly in September Over August

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Sales of newly built, single-family homes inched up 0.2 percent in September to a seasonally adjusted annual rate of 467,000 units, the highest level in six years, according to newly released data by the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau. Sales numbers for August were revised down from 504,000 to 466,000.Click to continue