HUD CHARGES OWNER, ARCHITECT, BUILDER AND DESIGNERS OF MISSOURI CONDOMINIUM COMPLEX WITH DISCRIMINATING AGAINST PERSONS WITH DISABILITIES --

Kansas City, KS – The U.S. Department of Housing and Urban Development (HUD) announced today that it has charged the owner, architect, builder and designers of Valle Creek Condominiums in Pevely, Missouri with violating the Fair Housing Act by failing to design and construct the units so that they are accessible to persons with disabilities.

Credit Suisse prices another private RMBS --

Credit Suisse priced its third private-label residential mortgage-backed securitization of the year. The deal securitizes prime, jumbo mortgages purchased as part of a mortgage portfolio acquired for structured finance purposes by subsidiary DLJ Mortgage Capital. 

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FHA ISSUES GUIDANCE TO HELP FHA-INSURED FAMILIES IN DISASTER AREAS --

WASHINGTON – The Federal Housing Administration (FHA) recently published guidance to help families with FHA-insured mortgages struggling to repair or rebuild their homes in the wake of major disasters like Hurricane Sandy. FHA’s mortgagee letter reinforces the agency’s longstanding policy of extending foreclosure relief and directs lenders to release insurance proceeds to borrowers rather than to apply those payouts to bring delinquent mortgages current.

Mortgage rates remain virtually unchanged --

FHFA found that 21% of purchase-money mortgages originated in September were no-point loans, down 1% from September, and the average loan-to-price ratio in October was 75.8%, up 0.2% from 75.6% in September.

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OFFICE OF SUSTAINABLE HOUSING AND COMMUNITIES ACCOMPLISHMENTS REPORT DEMONSTRATES HOW SUSTAINABILITY GRANTS ARE HELPING PLAN FOR STRONGER REGIONAL ECONOMIES --

WASHINGTON – The U.S. Department of Housing and Urban Development’s (HUD) Office of Sustainable Housing and Communities (OSHC) today released its 2012 Accomplishments Report, Helping Communities Realize a More Prosperous Future, which highlights how grantees of the 2010 and 2011 HUD Sustainability Grants are working to support locally led collaborative efforts that are building stronger regional economies.

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