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Sign up today to receive VHDA's eNews. We send our newsletter about six times per year, plus occasional updates on events impacting the affordable housing industry in Virginia. You can also read past editions.

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eNews and Press Releases

1/9/2014Virginia Leads the Southeast in Nationwide Ranking of Green Affordable Building
12/17/2013Letter from the Executive Director
12/17/2013Kit Hale Elected Chair of VHDA Board of Commissioners
12/17/2013Virginia Foreclosure Task Force Update
12/17/2013VHDA Applauds Homeless Reduction Grants Awarded by DHCD
12/17/2013VirginiaHousingSearch.com is Now an Enhanced Disaster Response Resource
12/17/2013VHDA Provides Financing for the First Residential Community of its Kind on the East Coast
12/17/2013VHDA Creates New Homeownership Compliance Department
12/17/2013VHDA Gets the Word Out About Tax Credits and Community Outreach
12/17/2013A Win-Win-Win Partnership

News Clips

HousingWire, Wednesday, April 16, 2014
(RECAP: This year is already one-third in the books, and everyone is waiting for that fabled “pent-up housing demand” to announce its presence, just like every sunny-side up analyst is waiting for that fabled “money on the sidelines.” But if it’s coming, it’s taking its sweet time and it’s definitely not dropping any hints on when it plans to arrive. Mortgage originations in general are at a 14-year low according to the Mortgage Bankers Association, while mortgage applications are down 16% from this time last year. Black Knight Financial Services, which has slightly different metrics, reports that mortgage activity is actually at its lowest level since 1997.)
Government Executive , Tuesday, April 15, 2014
(RECAP: If someone were to ask “What is HUD doing today?” we should be able to answer that question with something other than “I don’t have a clue.” Frankly, from where I sit I do not understand how anybody could say that things are finally “turning around.” The reality for those of us working for HUD is that during the last two years we have been the worst of it and things are not looking up. In fact, things are looking so bad that people are retiring and resigning in numbers never before seen. These are people who have finally had enough.)
CNN Money, Tuesday, April 15, 2014
(RECAP: Munis lost as much as 6% in the middle of 2013, owing to those troubled locations and the effects of rising interest rates. Now they're making a bid for comeback investment of the year. Debt issued by states and municipalities has beaten the broad fixed-income market so far this year, continuing a trend that started last September. Since then munis, whose income is exempt from federal (and in many cases state) income taxes, have returned 5.5%, vs. 3.2% for taxable bonds. Why the turnaround? Part of it has to do with value.)
USA Today, Tuesday, April 15, 2014
(RECAP: Federal Reserve Chair Janet Yellen said Tuesday that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress. Yellen told a banking conference in Atlanta that current rules on how much capital banks must hold to protect against losses don't address all threats. She said the Fed's staff is considering what further measures might be needed. Banks and their advocates have warned that further tightening bank regulation would lead to reduced lending to businesses and financial institutions and could slow economic growth.)
HousingWire, Monday, April 14, 2014
(RECAP: The reality is that mortgage lending is a tough, miserable business with shrinking spreads and rising costs. Without the opportunity for outsized gains on sale into a vibrant securitization market, there are really few incentives for many lenders to stay in the game. Indeed, most large lenders are targeting significant net reductions in loan servicing portfolios over the next several years. The mortgage market is in a sustained decline in terms of retained portfolios, loan sales and new origination volumes from the unsustainable levels of 2001-2007. And no one entity can be held responsible.)

 

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