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June Is “Homeownership Month” in Tennessee

With single-family housing starts and pending sales of existing homes approaching a 10-year high, Governor Bill Haslam has declared June to be Homeownership Month in Tennessee. "Homeownership strengthens families, encourages residents to take an active role in their neighborhoods and communities, and serves as one of the most important drivers of economic growth in our state," said THDA Executive Director Ralph M. Perrey.

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MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

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Announcement of Maximum Effective Rate of Interest on Home Loans

The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest

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June Market Report