The final guidance covers reasons for seeking a reconsideration of value and addresses compliance obligations involving appraisals.

The redrafted proposal provides specific examples of defects and clearer, proportionate remedies to the potential harm.

HUD has increased the total rehabilitation costs that can be financed under FHA’s limited 203(k) program and extended the allowable time for rehab and repair work to be completed.

The proposed rule seeks to create a permanent program governing the sale of seriously delinquent FHA-insured single-family mortgages and foreclosed home equity conversion mortgages.

HUD’s spring regulatory agenda includes about a dozen FHA-related items in the proposed or final rule planning stage.

Senate passes the VA Home Loan Awareness Act; USDA updates income limits for home loan programs; the Department of Housing and Urban Development and the Federal Emergency Management Agency announce partnership to address disaster housing recovery challenges.

The slowdown is part of a typical trend seen at federal regulators prior to a presidential election.

The Department of Housing and Urban Development charged Rocket Mortgage with appraisal bias in connection with a denied refinance application. loanDepot settled a similar charge with the CFPB this year.

HUD charged Rocket Mortgage and other entities with appraisal bias.

CFPB fair lending director leaves for Fannie; HUD reaches settlement with Appraisal Foundation; CHLA sends second request to CFPB regarding abusive trigger leads; CFPB affirms TILA credit card requirements.