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HUD to bring back Innovative Housing Showcase to National Mall in June

Housing Wire

The event is designed to highlights housing solutions and “advancements in housing design, technology and sustainability.” The Showcase continues that tradition, featuring the latest technologies and designs that can help meet the nation’s growing housing affordability and climate resilience needs.”

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Announcing the 2024 Class of Rising Stars!

Housing Wire

Take a look below to see this year’s list of honorees. Congratulations to the 2024 Rising Stars! Name Job Title Company Name A.T.

Principal 371
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FHA institutes new payment supplement partial claim

Housing Wire

The new option Partial claims are interest-free loans from HUD that borrowers use to make their payments current, with the remainder of the late payments added to the principal and extended for 30 years. The letter states that the option will be implemented starting May 1, 2024, but will be mandatory on Jan.

Principal 386
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HUD announces final rule to protect against flood risk

Housing Wire

The rule is designed to “help communities prepare for and reduce flood damage ” and other extended climate risks , including “heavy storms, increased frequency of severe weather events and disasters, changes in development patterns, and erosion.”

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Master planned communities post strong new home sales numbers in 2023

Housing Wire

“Master-planned communities continue to attract buyers and outperform the overall new home market by offering a lifestyle, which elevates and links a collection of neighborhoods,” Ken Pearlman, managing principal at John Burns Research & Consulting, said in a statement.

Sales 433
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MBA, NMSA suggest fixes to FHA’s proposed loss mitigation option

Housing Wire

The Mortgage Bankers Association (MBA) and the National Mortgage Servicing Association (NMSA) are expressing their views on a recently revised Federal Housing Administration (FHA) loss mitigation proposal, stating that it needs additional adjustments to effectively address the challenges it is designed to tackle.

Principal 297
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HUD seeks public comment on updates to reverse mortgage documents

Housing Wire

The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. These include wholesale revisions to the lender table for the best estimate of the total cost of the refinancing to the borrower, as well as increases to the borrower’s principal limit.

Mortgages 356