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Described as a “blueprint” for the GSEs’ 2025–2027 “Duty to Serve” plans, the publication aims to highlight a more important role that Fannie and Freddie are set to play in facilitating access to the U.S. Better loan products to serve “high-needs rural regions” should also be developed. mortgage finance system.
Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) issued a management alert this week, saying that the department has struggled to identify and prevent “improper payments” related to its programs for 11 consecutive years.
By the end of 2024, developers plan to have completed an astounding 518,108 rental units, a startling 30% more than in 2022 and 9% more than in 2023. Moreover, 47% of the 369 metro areas under study are probably going to develop more in the upcoming five years than they did in the years between 2019 and 2023.
Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. trillion and is projected to exceed $32 trillion in value by 2027. Facebook is now approaching 3 billion users worldwide. One long-standing test in U.S.
Local governments across Washington are currently revising their Comprehensive Plans , which serve as blueprints for zoning and development. Between 1996 and 2021, Washington moved from 38 th in the nation to 47 th for per-capital-vehicle miles traveled (7500 a year), the steepest decline in that period of any state. Washington has about 2.9M
” The Treasury is allocating $100 million by 2027 to finance affordable housing in a new program administered by the Community Development Financial Institutions (CDFI) Fund. By law, they are required to devote at least 10%.
Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. The pending law is on the governor’s desk awaiting his signature. Legislation related to transit-oriented development did not pass.
The Federal Housing Finance Agency (FHFA) this week announced a new final rule establishing affordable housing goals for the loan purchases of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from 2025 through 2027. It is critical that the Enterprises meet these goals, as required by law and regulation.
For example, zoning laws, an imperative for building new homes, are local administrative issues. In June, the Supreme Court overturned the 1984 Chevron precedent, meaning that courts can rely on their interpretation of ambiguous laws while reducing the power of federal agencies to interpret the laws they administer.
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