Monthly Archives: June 2016

NCRC together with other consumer groups, homebuilders and small lenders sent a letter to Mel Watt, Director of the Federal Housing Finance Agency, expressing concern that the capital buffers of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will soon be depleted as a result of the Preferred Stock Purchase Agreements between the FHFA and the U.S. Department of Treasury. The letter calls for Watt to suspend the GSEs’ dividend payments to the Treasury Department and to establish a plan for their recapitalization.

This week, the U.S. Department of Housing and Urban Development (HUD) kicks off National Homeownership Month by recognizing how homeownership enhances lives and contributes to thriving communities we call home. “Dare to Own the Dream” is the theme of this month-long recognition, reinforcing the long-held belief that owning a home remains one of the cornerstones of the American Dream

The National Institute of Building Sciences Academy for Healthcare Infrastructure (AHI) is beginning to prepare its program for the2017 AHI Forum, to be held Wednesday, January 11, 2017, as part of Building Innovation 2017: The National Institute of Building Sciences Fifth Annual Conference and Expo at the Mandarin Oriental in Washington, D.C. Building on the overall Conference theme, the Forum theme is Creating a High-Performing Environment for Healthcare.

Month-long initiative focuses on affordable housing, begins with major opportunity to develop 25 properties across the District. ayor Muriel Bowser launched the first annual ‘June Housing Bloom’, a month-long initiative that showcases how the public and private sectors are partnering to produce and preserve affordable housing, and revitalize neighborhoods across the District.

The National Institute of Building Sciences Off-Site Construction Council (OSCC) is launching a new webinar series designed to share knowledge and improve industry efficiency, productivity and speed to market through the use of pre-fabrication and off-site construction.

The National Affordable Housing Management Association (NAHMA) announces the winners of its annual Affordable Housing Vanguard Awards. These awards recognize newly developed or significantly rehabbed affordable multifamily housing communities that showcase high-quality design and resourceful financing.

Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill., issued the following statement regarding the Supreme Court’s unanimous decision in the case of Army Corps of Engineers v. Hawkes Co. Inc.

A former bank manager was sentenced on Friday, May 27, 2016 in connection with a multi-year, multi-property mortgage fraud scheme in Dorchester. Arthur Samuels, 41, of Mattapan, was sentenced by U.S. District Court Senior Judge Mark L. Wolf to one year and one day in prison, two years of supervised release, and was ordered to pay restitution of $2,229,492.  In 2012, Samuels pleaded guilty to four counts of wire fraud and one count of bank fraud.

The Securities and Exchange Commission today announced that a California-based mortgage company and six senior executives agreed to pay $12.7 million to settle charges that they orchestrated a scheme to defraud investors in the sale of residential mortgage-backed securities guaranteed by the Government National Mortgage Association (Ginnie Mae).

After three years of negotiation with federally and state recognized tribes across the country, the U.S. Department of Housing and Urban Development (HUD) today proposed a new formula to be used to allocate funds through the Department’s Indian Housing Block Grant (IHBG) Program. Read HUD’s proposed rule.

In recognition of American Housing Month, the American Bankers Association Foundation and banks across the country are offering consumers valuable housing information throughout the month of June. The ABA Foundation will provide renters and homeowners with tips for choosing the right home, saving for a down payment and preparing a senior to ‘age in place.’