Announcements

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HUD New Mortgagee Letter

This Mortgagee Letter (ML) communicates that Mortgagee Letter 2017-01, reducing Mortgage Insurance Premiums for loans with Closing/Disbursement date on or after January 27, 2017, has been suspended indefinitely. FHA will issue a subsequent Mortgagee Letter at a later date should this policy change. https://portal.hud.gov/hudportal/documents/huddoc?id=17-07ml.pdf

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Consumer Financial Protection Bureau Unveils New Know Before You Owe Auto Loans Shopping Sheet

Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is unveiling an “auto loan shopping sheet,” a step-by-step guide, and additional online resources as part of a new Know Before You Owe initiative aimed at helping consumers shop for an auto loan. The shopping sheet helps consumers see the total cost of a loan […]

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CFPB Unveils Student Loan ‘Payback Playbook’ to Provide Borrowers With Personalized Snapshot of Repayment Options

WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) unveiled the student loan Payback Playbook, a set of prototype disclosures that outline a path to affordable payments for borrowers trying to avoid student debt distress. The Payback Playbook provides borrowers with personalized information about their repayment options from loan servicers so they can secure […]

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FHA TO INSURE MORTGAGES ON CERTAIN PROPERTIES WITH PACE ASSESSMENTS

WASHINGTON – In order to enable homeowners seeking clean energy technologies in their homes to leverage a range of financing options, the Federal Housing Administration (FHA) today announced guidance that makes clear the circumstances under which it will insure mortgages on properties that include Property Assessed Clean Energy (PACE) assessments. FHA will now approve purchase […]

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Comcast and HUD Collaborate to Close Digital Divide

PHILADELPHIA (July 15, 2016) – Today, Comcast and the U.S. Department of Housing and Urban Development’s (HUD) ConnectHome initiative took an historic step to close the digital divide in America. Now, public housing and HUD-assisted residents living in Comcast’s service area are eligible to apply forInternet Essentials, the company’s high-speed internet adoption program for low-income […]

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HUD LAUNCHES NEW HEALTHY HOMES APP

WASHINGTON – The U.S. Department of Housing and Urban Development today unveiled a new mobile app to help educate the public about hidden home hazards that can impact the health of their families. TheHealthy Homes App is designed to raise awareness about potentially serious health and safety problems in the home and the steps consumers […]

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HUD EXTENDS MOVING TO WORK AGREEMENTS UNTIL 2028

WASHINGTON – Thirty-nine local public housing agencies across the country will continue to enjoy significantly greater flexibility to operate their federally funded housing programs following an announcement today by the U.S. Department of Housing and Urban Development (HUD).  Existing agreements under HUD’s Moving to Work (MTW) Demonstration Program for 39 public housing authorities (PHAs) will […]

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CFPB RELEASES GUIDE TO HELP CONSUMERS NAVIGATE PENSION PAYOUTS

WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is releasing a guide to help consumers navigate their pension payout options and make the right decision about their retirement income. The guide gives near-retirees the information they need to understand the trade-offs of taking their pension in a monthly payment or in a lump […]

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Agencies Clarify Expectations for the Use of Property Evaluations

WASHINGTON— The federal banking regulatory agencies today issued an advisory to clarify expectations for the use of property evaluations by banking institutions. The advisory responds to questions raised during outreach meetings held by the agencies last year pursuant to the Economic Growth and Regulatory Paperwork Reduction Act. The advisory describes the agencies’ existing supervisory expectations […]

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