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HFA News


  • Blog Post
    October 24, 2014

    Earlier today, five federal agencies released a proposed rule that would amend several regulations pertaining to flood insurance requirements for borrowers living in homes in special flood hazard areas. Specifically, the proposal would require federally regulated lenders to escrow premiums and fess for borrowers’ flood insurance for all residential loans that are originated or refinanced as of 2016. In addition, borrowers in special flood hazard areas would not have to purchase flood insurance coverage for structures that are on a residential property but are not attached to the home.

  • Blog Post
    October 22, 2014

    Yesterday, the Federal Deposit Insurance Corporation (FDIC) approved a final rule requiring asset-backed security issuers to retain part of the risk in any asset they securitize. The U.S Securities and Exchange Commission (SEC) approved the rule earlier today, while the Federal Reserve is expected to consider it later this afternoon. HUD, the Federal Housing Finance Agency (FHFA), and the Office of the Comptroller of the Currency (OCC) are expected to follow suit in the coming weeks.

  • Blog Post
    October 13, 2014

    On October 9, HUD issued a notice outlining policies and procedures for transferring remaining budget authority of a project-based Section 8 Housing Assistance Payments (HAP) Contract under Section 8 (bb)(1) of the U.S. Housing Act of 1937.