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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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Members of the news media: You are invited to get in touch with our public relations manager using the contact information in the sidebar of this page. (If you are on a deadline, please contact us by phone).



eNews and Press Releases

1/8/2015VHDA Receives VCEE Community Partnership Award
11/26/2014Top Producing Mortgage Loan Officers Recognized by VHDA
8/13/2014Clase de VHDA para la Educación al Comprador de Casa en Español
6/11/2014Letter from Executive Director
6/11/2014Board of Commissioners Update
6/11/2014New Secretary of Commerce and Trade
6/11/2014Tax Credits Fund New Life for Old Hotel
6/11/2014HUD Guidelines Have Changed
6/11/2014Reaching Out to Hispanic Homebuyers
6/11/2014NOVA Housing Expo

News Clips

CFPB Monitor , Thursday, January 29, 2015
(RECAP: The American Bankers Association sent a letter to the CFPB urging it to take down from its website its new mortgage interest rate calculator tool. The “Rate Checker” tool allows a consumer to enter information about their location, credit, desired loan amount and collateral value. Pairing this information with data from financial institutions, the Rate Checker purports to display the prevailing interest rates for which the consumer may qualify, as well as financial institutions offering those rates to consumers with the consumer’s profile. The ABA believes the tool should be removed and reconsidered based on seven specific concerns.)
The Washington Post , Thursday, January 29, 2015
(RECAP: The majority, or 56 percent, of consumers have subprime credit scores, according to a report released Thursday by the Corporation for Enterprise Development, a nonprofit that advocates for policy changes to help low- and moderate-income households. As a result, these consumers are often locked out of the lending markets. And if they are borrowing, chances are they’re missing out on the lowest rates being offered to consumers with stronger credit.)
HousingWire , Tuesday, January 27, 2015
(RECAP: FHFA Director Mel Watt testified before the House Financial Services Committee at a hearing entitled “Sustainable Housing Finance” on Tuesday morning, and faced a tough grilling on the direction of the FHFA on housing policy. The purpose of this hearing was to receive an update from the FHFA on measures FHFA has taken as conservator of Fannie Mae and Freddie Mac, the current Strategic Plan for the GSEs, and the current financial condition of Fannie, Freddie and the Federal Home Loan Banks. However, it quickly turned to a debate on whether housing policy from Washington is going back down the road of perilous practices.)
JDSupra Business Advisor , Wednesday, January 28, 2015
(RECAP: Today, HUD hosted a focus group of nearly a dozen key stakeholders to gain insights about the RAD process. Discussion questions explored issues extending from the application process through to post-closing implementation of the RAD conversion. With the cap on the maximum number of units permitted to go through the RAD conversion process raised to 185,000, HUD is now faced with the significant task of ensuring the initial procedures for processing and closing RAD deals can be streamlined and implemented in an efficient manner that imposes consistency across transactions.)
The Wall Street Journal , Wednesday, January 28, 2015
(RECAP: Fed officials have reaffirmed their assurance they are likely to remain patient in considering the timing of the first interest rate increase since 2006. That, according to Yellen, means no lifting rates from zero for at least another two policy meetings. Fed-funds futures, used by investors and traders to place bets on central-bank policy, show that investors and traders see a 18% likelihood of a rate increase at the June Fed policy meeting, according to data from CME. It was unchanged compared with odds before the Fed statement. The odds were 26% a month ago.)

 

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