HUD

The secretary of housing and urban development plans to "finish out this term" but wants to return to "the private sector because I think you have just as much influence, maybe more."

New-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets.

The agency's pilot program, designed to streamline mortgage insurance applications associated with the Low-Income Housing Tax Credit program, will now include applications for new construction and substantial rehabilitation.

If you live in a three-bedroom apartment that rents for $1,400 per month or less in the Minneapolis-St. Paul area, consider yourself lucky. That's affordable housing, whether it's subsidized or not, and it's running out.

The Houston City Council has approved up to $400 million in contracts with six firms to build new housing and repair single-family homes damaged by Hurricane Harvey.

Sales of new homes rebounded in November to the strongest pace in eight months as lower prices helped to attract more buyers.

While most single-family Federal Housing Administration lending is somewhat insulated from the government shutdown, the impasse is doing more to hurt funding in niches like nursing home loans and reverse mortgages.

With a number of affected borrowers, Freedom Mortgage has assembled a team dedicated to providing assistance for homeowners struggling to make mortgage payments.

A lapse in rental-assistance funding, an understaffed FHA and other effects of the government shutdown are causing real harm to families, said the chair of the House Financial Services Committee.

Michael Bright is resigning as acting president of Ginnie Mae to run the Structured Finance Industry Group, a trade association that's been without a CEO since Richard Johns resigned in July amid a reported split with the group's board.

Acting Ginnie Mae President Michael Bright will leave his post on Jan. 16 and will no longer seek confirmation to be the permanent head of the mortgage secondary market agency.

The agency wants mortgage servicers to extend special forbearance plans to those affected by the partial government shutdown and evaluate borrowers for loss-mitigation options.

The government shutdown is not just affecting federal agency employees' ability to make their mortgage or rent payments, it could take them out of the home buying market, Zillow said.

Borrowers and financial institutions may be feeling the strain from reduced operations at the FHA and IRS, which has suspended the release of certain income documentation during the budget impasse.

From HUD to the Treasury, here's a look at the nine federal government agencies that are affected by the third federal government shutdown of 2018.

New-home construction rebounded last month to the best pace since August while permits rose to a seven-month high, a sign homebuilding is potentially stabilizing even as higher prices and borrowing costs pose headwinds.

The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January.

Julian Castro, a former mayor of San Antonio and Obama administration cabinet official, announced Wednesday he's setting up an exploratory committee for a 2020 presidential run.

The Democrat, who will likely head the Financial Services Committee, has signaled she'll make expanded housing opportunities for lower-income consumers a top priority.

Sales of new homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market.