(RECAP: U.S. Senators Tim Kaine and Mark Warner are concerned the Republican Party’s tax plot could hurt Virginia communities by eliminating a funding source for historic redevelopment.)
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Category Archives: Apartment Loans
HUD not DATA Act compliant, underreported billions of dollars, report says
(RECAP: HUD has fallen small of the Digital Accountability and Transparency Act’s required reporting deadline, an inspector general found. IG officials said the agency’s chief financial officer failed to implement the data standards required by the OMB and the Department of Treasury, causing HUD to underreport billions in obligations and outlays, and submit incomplete and inaccurate data in its second quarter spending reports.)
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Fannie Mae wants to make it easier to build a home
(RECAP: Mortgage giant Fannie Mae wants to make it simpler for prospective homebuyers to build new homes. The company is considering multiple initiatives that would help address the lack of affordable homes in the U.S. real estate market, with its first pilot program consisting of making it simpler to get a construction loan, according to Bloomberg.)
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