Edwina P. Carrington will join Reznick Group, a tax and accounting advisory firm based in Bethesda, Md., as a principal and a member of the firm's national affordable housing group on April 1.Ms. Carrington will help establish and lead Reznick's first Southwestern office in Austin, Texas, the firm said. She will serve clients as a real estate adviser, with a special focus on transaction consulting in the affordable housing industry. Ms. Carrington has been executive director of the Texas Department of Housing and Community Affairs since 2002, and she previously held leadership positions at the Texas Housing Finance Corp., the Austin Housing Finance Corp., and the Texas Housing Agency (the forerunner of the TDHCA). Reznick can be found online at http://www.reznickgroup.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18