The Biden administration is poised to unveil a series of steps to boost the financing and construction of entry-level homes and rental properties, according to people familiar with the matter.
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The Biden administration won’t move to extend a federal moratorium on the evictions of tenants who have fallen behind on their rent during the Covid-19 pandemic but is asking Congress to authorize such an extension.
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The Biden administration is seeking to keep more borrowers in their homes by extending the length of mortgages and lock in lower monthly payments.
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The ban protected millions of tenants but created financial hardships for landlords.
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Relaxed student-debt calculation will likely qualify more Black and Hispanic buyers for federal government-backed loans.
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The Biden administration is looking to a small housing program in Detroit as a possible solution to a big problem: Many crumbling homes in blighted neighborhoods remain vacant because the cost of renovations exceeds the potential selling price.
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The Federal Housing Finance Agency, which oversees the two government-controlled mortgage giants, announced plans to ease credit requirements, simplify documentation and waive certain fees for borrowers seeking to refinance their loans.
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Getting a mortgage for a resort-area condo might become more difficult after Fannie Mae and Freddie Mac moved to tighten rules on buildings with many short-term rentals and hotel-like amenities.
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The long-shot effort could affect the cost and availability of mortgages for millions of Americans.
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The incumbent administration eyes returning Fannie Mae and Freddie Mac to private ownership. Democrats would use them to promote affordable housing.
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