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HUD establishes key LIHTC parameters for 2025

Housing Wire

Department of Housing and Urban Development (HUD) this week established Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for the Low-Income Housing Tax Credit program in 2025. HUD has published the DDA data , as well as metropolitan and non-metropolitan QCT data, for 2025 on its website.

Design 441
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HUD, FHA further extend Maui foreclosure moratorium to 2025

Housing Wire

1, 2025, for FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECMs). The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-15 , which extends a foreclosure moratorium on the Hawaiian island of Maui through Jan.

Insurance 429
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HousingWire Annual: loanDepot’s Frank Martell talks Vision 2025 ‘wiggle room,’ profitability

Housing Wire

To get there, Martell said loanDepot is still committed to its Vision 2025 plan, announced three months following his arrival to the company last year. So, the Vision 2025 was built to have a little bit of wiggle room to adjust it. Martel spoke during the HW Annual Conference held from Oct. 4-7 in Austin, Texas. ”

Investing 441
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Top 4 planning questions for mortgage servicers before 2025 

Housing Wire

This is the technology that the Sagent team is developing for our industry, one that provides real-time data across a unified end-to-end user experience that both supports and compliments a superior consumer experience.

Mortgage 429
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What ICE’s Encompass bombshell means for the mortgage industry

Housing Wire

31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. In doing so, ICE is pushing companies to Encompass Partner Network and Encompass Development Partner Connect , which use a more secure, cloud-based open application programming interface (API) structure that launched in 2021.

Mortgage 441
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FOA announces amendment and update for bond exchange offer

Housing Wire

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. 25, when the deal is set to expire, the company said.

Finance 242
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Apartment Construction Projected to Reach Historic Highs in 2024

Appraisal Buzz

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.