The trade group suggested HUD streamline property valuation data for HECMs through a waterfall of appraisal options that could eliminate the need for a second appraisal in some cases.
The Department of Housing and Urban Development, Fannie Mae and Freddie Mac reminded lenders and servicers of the options available to homeowners impacted by the deadly wildfires in Maui.
The Mortgage Bankers Association wants the Departments of Agriculture and Housing and Urban Development to consider the cost implications of their proposal on new energy standards for the construction of multifamily properties.
The Department of Housing and Urban Development and the National Association of Real Estate Brokers are partnering to help address appraisal bias through professional training and consumer education.
The delinquency rates on FHA and VA loans decline; USDA revises areas that no longer qualify as “rural” under its single-family housing program; FHA has released updates to its single-family housing policy handbook.
HUD is seeking feedback on a plan to make permanent COVID-era flexibilities related to face-to-face meeting requirements between delinquent borrowers and mortgage servicers.
NFHA submits comments on HUD’s proposed rule on protections for persons with disabilities; HUD’s Office of Housing Counseling to host virtual community conference.