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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

1/15/2016Free VHDA Homeownership Classes Set For Northern Virginia in February
1/14/2016Free VHDA Homeownership Classes Set For Hampton Roads in February
1/13/2016Free VHDA Homeownership Classes Set For Central Virginia in February
12/28/2015Free VHDA Homeownership Classes Set For Hampton Roads In January
12/28/2015Free VHDA Homeownership Classes Set For Richmond Area In January
12/18/2015Free VHDA Homeownership Classes Set For Northern Virginia In January
12/17/2015Holiday Greetings & News from VHDA - Dec. 2015 eNews
10/22/2015Top Producing Mortgage Loan Officers Recognized by VHDA
10/20/2015Fall Update - VHDA eNews
9/18/2015VHDA Offers Mortgage Credit Certificate Program to Help First-Time Homebuyers

News Clips

NCSHA, Friday, February 12, 2106
(RECAP: The House Financial Services Subcommittee on Housing and Insurance held a hearing yesterday to examine the current and future status of the FHA and its affordable housing programs. The hearing included testimony from Edward Golding, who currently oversees FHA as the Principal Deputy Assistant Secretary for the Office of Housing. Throughout much of the hearing, Golding fielded questions about the financial health of FHA’s Mutual Mortgage Insurance Fund (MMIF), which finances FHA’s homeownership and reverse mortgage lending programs. In his opening statement, Golding emphasized that FHA’s 2015 Annual Report to Congress found that the MMIF has a capital ratio of 2.07 percent, the first time it has exceed its statutorily mandated capital ratio of 2 percent since 2008. FHA will continue to grow, Golding predicted, due to increased loan production, better loan performance, and quality control initiatives it has recently implemented.)
HousingWire , Thursday, February 11, 2016
(RECAP: Despite so much talk about rising interest rates, a whole new idea is making its way around Washington D.C. that would reverse the projected course of the Federal Reserve. It was less than two months ago that the Fed announced it was officially raising the federal funds rate for the first time since June 2006. Now Fed Chair Janet Yellen is being asked about the possibility of a Negative Interest Rate Policy, as an option to the Zero Interest Rate Policy from the last several years we've all come to know. Yellen’s hearing before the House Financial Services Committee Wednesday morning focused heavily on the feasibility of NIRP. While the idea of an investor agreeing to pay a borrower to take their money may sound like ludicrous, an article in Quartz by explained that the idea isn’t a “sucker’s bet” after all.)
The Daily Progress , Wednesday, February 10, 2016
(RECAP: Central Virginia is on the road to job recovery, according to an economic update. Richmond Federal Reserve Bank Vice President Ann Battle Macheras discussed Wednesday the Charlottesville-area economy, the national economy and monetary policy at an event sponsored by the Senior Statesmen of Virginia. Mancheras said the state economy still is working on recovering from the recession and federal government spending cuts because Virginia is one of the top states for federal contracting. “But since then, the good news is employment growth has been catching up, inching closer to being back on par with U.S. growth,” she said. “I’m pretty optimistic, seeing that trend.”)
Affordable Housing Finance, Wednesday, February 10, 2016
(RECAP: According to Make Room, a nationwide campaign giving voice to struggling renters, the overall population of seniors 65 and older increased by 25%—from 22.5 million to 28.1 million—while the number of seniors paying more than half of their income toward rent and utilities increased by 34%, from 1.4 million to 1.8 million. The proportion of seniors experiencing severe rent burdens over the last decade also grew by the largest amount in mid-sized cities that are known to be more affordable, including the Richmond, Va., region.)
The Wall Street Journal , Wednesday, February 10, 2016
(RECAP: Federal Reserve Chairwoman Janet Yellen fielded questions in Congress on Wednesday about whether negative interest rates are legal. Aside from a 2010 memo released last month, and her testimony today, the Fed has been all but mum on the topic. “This is too important for the legal issues to be argued only in an opaque way within the Federal Reserve system,” said Miles Kimball, an economist at the University of Michigan who has advocated for negative rates. Leaving aside for now the question of whether it’s appropriate economic policy, there are four key considerations at stake.)

 

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