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HFA News


  • Blog Post
    January 28, 2015
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    Senior House Financial Services Committee member Ed Royce (R-CA), introduced legislation (the Pay Back the Taxpayers Act of 2015) yesterday that would prevent Government-Sponsored Enterprises Fannie Mae and Freddie Mac (the GSEs) from directing funds to the Housing Trust Fund and the Capital Magnet Fund. Royce signaled his intention to introduce the bill while questioning Federal Housing Finance Agency Director Mel Watt at a Financial Services Committee hearing held yesterday.

  • Blog Post
    January 28, 2015
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    Mel Watt, the director of the Federal Housing Finance Agency (FHFA), appeared before a House Financial Services Committee hearing yesterday. During the hearing, Republican and Democratic Committee members engaged Director Watt and each other over recent FHFA actions to increase Fannie Mae and Freddie Mac’s support for affordable housing.

  • Blog Post
    January 22, 2015
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    As mentioned in Tuesday’s State of the Union address, the Federal Housing Administration (FHA) announced that it will lower costs of government mortgages by reducing the annual Mortgage Insurance Premium (MIP) rate on most of its new single family home loans by 50 basis points, beginning on January 26. This left many wondering what exactly this means for borrowers and, in particular, what effect it might have on first-time homebuyers who make up a high portion of FHA borrowers and who largely remain on the sidelines.