FHFA to Make Delinquent Loan Sales More Transparent

(RECAP: In mid-May, HUD announced that some changes were coming to its Distressed Asset Stabilization Program (DASP), the program through which the Department sells deeply delinquent, non-performing loans. Now it’s the FHFA’s turn, as the Agency has announced that it will make some changes to its non-performing loan (NPL) sales programs that will bring more transparency to the process by making more data public, including information on trends at the individual pool level. Special adviser to the FHFA Eric Stein said FHFA anticipates publishing the data by the end of June. Housing analysts have contended since the sales started that the FHFA should release more data on the GSEs’ NPL sales in order to more effectively evaluate the sales to see if what changes, if any, need to be made.)

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Rose Hill neighborhood balks at rezoning, demolitions

(RECAP: A proposed rezoning on a small cul-de-sac near Rose Hill Drive is the latest in a series of changes that has some in the neighborhood concerned they will be squeezed out by Charlottesville’s housing boom. “Most of the people in this neighborhood who are homeowners are my age or older,” said Evelyn Yancey Jones, 71, whose two-tale home at 629 Rose Hill Drive has been in her family for nearly 100 years. “The seniors are struggling, so they don’t have any means to place the brakes on,” she said. Jones lived in Charlottesville during the time when houses on Vinegar Hill were torn down in the name of urban renewal. She wants city officials to look at more than just economics when making decisions about the future.)

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Non-profit bank marks 10 years of community service in Southwest Virginia

(RECAP: When a community is in economic crisis, with shuttered storefronts and dwindling downtown foot traffic, Virginia Community Capital may be able to offer incentive for revival. For the past decade, VCC, a nonprofit community development financial institution and B Corp bank, has been doing just that in communities across the commonwealth. The impact, said Jane Henderson, president and CEO of VCC at an anniversary celebration on Wednesday, is more than money. The program is encouraging jobs and business, healthcare and fresh food, affordable housing and community revitalization.)

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