Citi announced a series of initiatives designed to proactively help potential at-risk borrowers remain current on their payments and ultimately in their homes. Several of these steps build on or expand the industry-leading loss mitigation efforts that Citi has put in place over the past two years.
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FHFA has stated that business will continue as usual at the Enterprises during the conservatorship—this applies to both their single-family and multifamily businesses.
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CHAPA and the Massachusetts Rehabilitation Commission (MRC) are pleased to announce a newly redesigned Mass Access Wesbite to help bridge the gap between residents in need of affordable, accessible housing and available apartments across the state. The updated site (www.massaccesshousingregistry.org) features a user-friendly design and an expanded database of affordable rental housing in Massachusetts, including accessible and adaptable homes for people with disabilities. Some of the key features of the Mass Access housing website include vacancy and waitlist information for all affordable rental housing in Massachusetts, particularly for people with disabilities, and an automated mapping feature to track the location of available units. Property owners and managers will now be able to log in to the registry and post available rental units and housing applications. At the same time, consumers will now be able to customize and save their housing searches and sign up for e-mail updates when new units become available. The redesign and redevelopment of MassAccess was funded jointly by MRC and MassHousing. Please click here to view the State’s full press release.
Effective Dec. 31, FHA said it will not issue any new case numbers for lenders looking to refinance borrowers into FHASecure loans; HUD will honor any loans for which a lender has taken an application and requested a case number prior to Dec. 31, it said.
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Please click here to read a summary of the budget.