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Ginnie Mae President Alanna McCargo to Resign

Ginnie Mae President Alanna McCargo to Resign

by Phil Hall | Apr 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced that Alanna McCargo is resigning as president of the Government National Mortgage Association (Ginnie Mae), effective May 3. McCargo became Ginnie Mae’s 18th president and first female leader...
HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

by Phil Hall | Apr 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has updated its policies for wind and named storm insurance coverage required for multifamily properties financed with a Federal Housing Administration (FHA)-insured mortgage. According to HUD, the updates are...
Housing Starts Plummet by 12.4%

Housing Starts Plummet by 12.4%

by Phil Hall | Apr 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in March were at a rate of 1.02 million, according to new data from the U.S. Census Bureau and Department of Housing and Urban Development. This is 12.4% below the revised February figure of 1.16 million. Privately‐owned housing starts in...
HUD and Indianapolis Take Over Local Housing Agency

HUD and Indianapolis Take Over Local Housing Agency

by Phil Hall | Apr 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) and the City of Indianapolis signed an agreement to take possession over the Indianapolis Housing Agency (IHA). HUD and the city government said this action was designed to “restore public confidence” in the...

HUD Allocates $10 Million for Community Revitalization Grants

by Phil Hall | Apr 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has issued a new notice of funding opportunity through the FY24 Choice Neighborhoods Planning Grant to provide $10 million for support local planning efforts to revitalize communities. Approximately 20...
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