News

FHFA Releases Draft Strategic Plan for Public Comment

   FHFA Releases Draft Strategic Plan for Public Comment Washington, DC – Federal Housing Finance Agency Acting Director Edward J. DeMarco today released for public comment the Agency’s draft Strategic Plan: Fiscal Years 2013- 2017. FHFA is updating its plan in order to incorporate the strategic plan for the conservatorships of Fannie Mae and Freddie Mac (the Enterprises) sent to …

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HFAs, NCSHA, and Other Stakeholders Discuss Affordable Homeownership Programs at HUD Roundtable

May 09, 2012   HFA representatives from several states, NCSHA’s Garth Rieman, lenders, nonprofits, and HUD staff participated in an Affordable Homeownership Roundtable sponsored by HUD May 8 in Washington DC to discuss FHA’s mortgage insurance policies on affordable homeownership programs, including Community Land Trusts and deed-restricted properties.  During the Roundtable, HUD outlined its plans to waive several current restrictions …

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Twelve Facts That May Surprise You About the Housing Bust.

What if the conventional wisdom about the mortgage crisis is all wrong? That’s the implication of a new paper from economists at the Federal Reserve Banks of Atlanta and Boston that’s bound to spark debate because, if their premises are correct, it sharply undercuts the justification for much of the new regulation that’s been erected over the past two years. Three …

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Mortgage giant Freddie Mac asks government for $19M; posts $1.2B loss in Q1

Washington Post By Associated Press, Updated: Thursday, May 3, 9:46 AM WASHINGTON — Government-controlled mortgage giant Freddie Mac is requesting $19 million in additional federal aid after posting a loss for the first quarter of this year. The requested amount is less than the $146 million that Freddie received from the government for the fourth quarter of 2011. The company received $7.6 …

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Plot Thickens on Mortgage Write-Down Debate.

Fannie Mae conducted small tests to forgive debts of homeowners who owed more on their mortgages than the properties were worth in 2010. But the mortgage-finance company didn’t expand the pilot programs after concluding the programs were difficult to operate and the benefits weren’t clear, according to a letter from the firms’ federal regulator. The letter, released Tuesday, disclosed that …

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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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