News

IMPORTANT NOTICE RELATED TO THE “HEARTBLEED” VIRUS

To all eHousingPlus Website and System Users. Housing and Development Software, (HDS) is the software and system provider to eHousingPlus, and related systems utilized in the administration of the Single Family Programs.  We are happy to report that none of the HDS/eHP Systems or Web sites are affected.  Please read the notice from HDS CIO Andrew Moffitt:   Good afternoon …

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eHousingPlus participates in NALHFA Conference, Atlanta

Once again,  NAHLFA put on another successful Conference, focusing on innovation and agency collaboration amongst agencies, for the expansion of affordable housing.   There were several mobile workshops and tours including a Tour of the Atlanta Beltline, and a tour of Market Development.  Many professionals contributed to a variety of diverse sessions, all addressing the needs of affordable housing initiatives.  Congratulations to the …

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SETH Program increases Downpayment Assistance

Southeast Texas Housing Finance Corp. has increased its downpayment assistance grant from 3% to 4%.  The 5-Star Texas Advantage Program’s DPA Option will be effective on new loans originated as of 2/28/2013.

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HOME Atlanta Program

Atlanta’s Development Authority (Invest Atlanta) is launching a NEW Program on Wednesday Feb 27, 2013.  The Program is offering a very attractive ratee of 3.875% for 30 year mortgages, with an addiitonal 5% of the loan amount as Downpayment and Closing Cost Assistance.  This program does NOT have a first-time homebuyer requirement, but it does maintain specific income and acquisition limits …

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Southern California Home Financing Authority launches NEW Program!

The Southern California Home Financing Authority announces a NEW First-Time Homebuyer Program which starts today 2/20/13, with eHousingPlus as the Program Administrator.  The eligible areas of this program are all of Los Angeles and Orange Counties, excluding the City of Los Angeles.  This exciting new program provides homebuyers an additional 4% DownPayment and Closing cost assistance, with an initial interest rate of …

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Shared Equity Models Offer Sustainable Homeownership

http://www.huduser.org/portal/periodicals/em/fall12/highlight3.html

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HUD and HHS Partner to provide permanent housing and services to low income people with disabilities

WASHINGTON – To prevent thousands of people with disabilities from experiencing homelessness or unnecessary institutionalization, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Health and Human Services (HHS) today announced nearly $98 million in funding for 13 state housing agencies for rental assistance to extremely low-income persons with disabilities, many of whom are transitioning …

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Geithner Vows to Press for Writedowns for Underwater Home Loans

U.S. Treasury Secretary Timothy F. Geithner, twice rebuffed, is vowing to try a third time to persuade the Federal Housing Finance Agency to allow principal forgiveness on mortgages backed by Fannie Mae (FNMA) and Freddie Mac. (FMCC) “I urge you to reconsider this decision,” Geithner wrote to FHFA Acting Director Edward J. DeMarco, who yesterday announced that Treasury Department financial …

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Fannie Mae, Freddie Mac won’t be allowed to reduce loan balances for troubled borrowers

The federal regulator for government-backed mortgage giants Fannie Mae and Freddie Mac said Tuesday that he will not allow the firms to reduce loan balances of struggling homeowners, frustrating the Obama administration as it looks for ways to boost a floundering economy. Edward J. DeMarco, acting director of the Federal Housing Finance Agency (FHFA), said the agency’s analysis showed no …

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Why Housing Affordability Is a Mirage

Home prices and mortgage rates have made monthly mortgage payments lower than at any time in the past decade. But housing isn’t any more affordable than it was five years ago, during the go-go lending days, after factoring in down payment requirements and other financing terms, according to a new paper. The National Association of Realtors and other housing economists …

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