News

IRS Publishes MRB Purchase Price Safe Harbors

The IRS has published Rev. Proc. 2012-25, which provides the nationwide average purchase price limits and the average area purchase price safe harbors for the Mortgage Revenue Bond and Mortgage Credit Certificate programs. The Revenue Procedure sets the national average purchase price at $214,000 for computing the housing cost/income ratio, which provides for an upward adjustment to the percentage limitation …

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First-time home buyers could pay the price for payroll tax cuts

A message on behalf of  Suzy Khimm, Washington Post: House Republicans have revolted against the two-month payroll tax cut that passed the Senate on Saturday, offering the rationale that they want a full-year extension instead. One thing they don’t seem to be complaining about, however, is how the extension is paid for, which had been the single biggest sticking point …

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A message from NALHFA: Important Information about NIBP

A message on behalf of NALHFA Dear NALHFA Members: Today the Treasury Department announced an extension of the New Issue Bond Purchase Program and the Temporary Liquidity Facility. NIBP will be extended for one year, i.e. through 2112 and TLCP for three years, i.e. through 2015. In a conference call this morning with the leadership of NALHFA and NCSHA senior …

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Happy Thanksgiving!

eHousingPlus would like to wish all of our clients, partners and industry colleagues a very Happy Thanksgiving with your family and loved ones. The eHousingPlus and HDS offices will be closed November 24th and 25th, re-opening on Monday, November 28th.   We wish you a very safe and enjoyable Thanksgiving.  

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TDHCA Launches Single Family First Time Homebuyer Program 77 with eHousingPlus and US Bank!

TDHCA (Texas Department of Housing and Community Affairs) Launches Single Family First Time Homebuyer Program 77 with eHousingPlus and US Bank.  Lender System Trainings are scheduled for Thursday Nov 17th and Friday Nov 18th, 2011.  To register, click here.

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HUD Says FHA Fund Solvent and Strengthening

HUD Says FHA Fund Solvent and Strengthening Blog Post posted by: Jon Lipe HUD released today its annual report to Congress on the financial status of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund, which backs FHA’s single-family and reverse mortgage programs.  In a call with NCSHA and other housing groups, Acting FHA Commissioner Carol Galante said the …

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Florida Housing Lender Training

Training is scheduled for November 15th and will include program and system training. Loan officer and loan processor training is from  9:30am – 12:00pm EST Underwriter, closer, shipper training  is from 1:30pm – 4:30pm EST Training will last 3 hours.  Please make plans to attend the entire training. WHO NEEDS TO ATTEND TRAINING?  READ BELOW: New Personnel and New Institutions …

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Veterans Day

To ALL who have served, past and current, THANK YOU!

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MSRB State and Local Government Online Toolkit

The Municipal Securities Rulemaking Board (MSRB) launched a new online toolkit on November 7th. With videos and whitepapers on facts and tips for the municipal bond market, MSRB’s toolkit provides helpful information to state and local governments about issuing bonds. Per MSRB, so far in 2011, state and local governments have issued $228 billion in municipal securities to finance capital …

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HUD Suspends Former President of Lend America

  HUD NEWS U.S. Department of Housing and Urban Development – Shaun Donovan, Secretary Office of Public Affairs, Washington, DC 20410 HUD No. 11-250 Brian Sullivan (202) 402-7527 http://www.hud.gov/news/index.cfm FOR RELEASE Wednesday, October 12, 2011   HUD SUSPENDS FORMER PRESIDENT OF LEND AMERICA Primeau banned from FHA following guilty plea in mortgage fraud scheme             WASHINGTON – The U.S. Department …

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