Former FHA Commissioner David Stevens dies at 66; NAAHL names Sarah Brundage CEO; Ginnie hosts state housing agencies at roundtable; Ginnie files motion to dismiss TCB lawsuit; OCC to host appraisal bias hearing; and other news.

Department of Housing and Urban Development Secretary Marcia Fudge called on Congress to increase housing supply through preservation efforts, financing incentives and other means.

The limits on Fannie’s and Freddie’s annual investment in low-income housing tax credit programs has jumped from $850 million to $1 billion each.

Marcia Fudge, secretary of the Department of Housing and Urban Development, appeared Thursday before the House Financial Services Committee.

House and Senate leadership have agreed to a topline budget number of $773 billion in non-defense spending for fiscal 2024.

Housing counseling providers are backing a proposal from HUD to permanently allow for services to be provided virtually rather than in-person.

VA issued a reminder on loan assumption requirements; Fannie to update Desktop Underwriter with FHA/VA loan limits on Jan. 20.

If the GSEs required stricter energy codes on new homes, savings on utility bills would cover borrowers’ costs within three years, a coalition of advocacy groups said in a letter to the Federal Housing Finance Agency.

In general, appraisers can adjust down a comparable valuation dollar for dollar with the value of seller concessions.

HUD is planning proposed rules and final actions in the coming months that will impact the FHA program.