Representative McCarthy Introduces Moving to Work Expansion Bill

(RECAP: House Majority Leader Kevin McCarthy (R-CA) introduced April 29 The Moving to Work Reformation and Expansion Act of 2016, H.R. 5137, which would remove the cap on the number of public housing agencies (PHAs) that can participate in Moving to Work (MTW) and change the status of MTW from a demonstration to a program. H.R. 5137 also would authorize HUD to provide technical help to PHAs participating in MTW and evaluate housing reforms undertaken by MTW participants to identify replicable program models. Thirty-nine PHAs currently participate in the MTW demonstration.)

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Urban Institute: Selling NPLs to investors is working

(RECAP: Researchers from the Urban Institute are already on the record with their view that more pools of non-performing loans need to be sold to private investors, but a new article posted Friday on the Urban Institute’s Urban Wire blog on Housing and Housing Finance suggests that more steps need to be taken to ensure a mutually beneficial result for all parties involved in a non-performing loan sale.)

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HUD Affirms HFAs’ Ability to Provide Down Payment Assistance with FHA Loans

(RECAP: Yesterday afternoon, Principal Deputy Assistant Secretary for Housing and Head of the Federal Housing Administration (FHA) Ed Golding issued a statement reaffirming that loans that include HFA down payment help (DPA) are eligible for FHA insurance. The statement also says that HFA DPA programs are legal and consistent with federal housing law.)

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