The U.S. Department of Housing and Urban Development plans to speed federal disaster assistance to homeowners in three western New York counties recently forced from their homes by recent severe storms and flooding. The assistance is aimed at supporting homeowners and low-income renters in Cattaraugus, Chautauqua and Erie counties in New York who were affected by the flooding and storms. Assistance is available through, among other things: a 90-day moratorium on foreclosures and forbearance on foreclosures of Federal Housing Administration-insured home mortgages, HUD's Community Block Grant and HOME programs, and HUD's section 203(h) mortgage insurance program for disaster victims who have lost homes and are seeking to rebuild new ones.
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This was the second acquisition Luminate's mortgage arm has made since the start of 2025. The bank bought NJ Lenders Corp. in April of last year.
August 21 -
The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
August 21 -
A group of community development financial institutions are asking a federal court in California to compel Treasury to disburse funds from the CDFI Fund before they expire in September.
August 21 -
A proposed seven-year mandatory selloff rule aimed at institutional investors was a factor in halting momentum for new BTR development, NAHB said.
August 21 -
May's 15,855 actions are the least since September 2025, when Fannie Mae and Freddie Mac had 15,550 loans modified, forborne or otherwise dealt with, FHFA said.
August 21 -
The government-sponsored enterprise oversight chief said his agency is focusing on select fees applied to mortgages that lenders sell to Fannie and Freddie.
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