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NAR Calls for Expansion of FHA’s 203(k) Program

January 9, 2012: 

Moe Veissi, the 2012 President of the National Association of Realtors, sent a letter to Shaun Donovan, Secretary of Housing and Urban Development (HUD) requesting that investors be permitted to participate in the Federal Housing Administration’s (FHA) Section 203(k) Rehabilitation Mortgage Insurance Program to purchase vacant and foreclosed properties in need of significant rehabilitation.

Mortgage Interest Deduction

January 9, 2012: 

Government Offers to Review Foreclosure Handling in More than 4 Million Individual Cases

January 9, 2012: 

Borrowers who faced foreclosure in 2009 or 2010 may be eligible for a free independent review of their foreclosures. The reviews which were ordered by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve in April of 2011 cover foreclosures handled by most major loan servicers.

Former Ohio Attorney General Richard Cordray takes over Helm of CFPB

January 9, 2012: 

On Thursday, January 5, 2011, President Obama installed former Ohio Attorney General Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB) using a recess appointment.

FHFA Releases Statement on GSE Guarantee Fee Increase

January 9, 2012: 

On December 23rd, 2011, President Obama signed legislation extending the payroll tax reduction and requiring the Federal Housing Finance Agency (FHFA, the conservator of Fannie Mae and Freddie Mac (the GSEs)) to raise GSE guarantee fees (g-fees) by at least ten basis points.

FHA

January 6, 2012: 

Condominiums

January 6, 2012: 

Lead-Based Paint

January 6, 2012: 

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