In an effort to reinforce its commitment against racial bias in home valuations, FHA updated its general appraiser requirements. An interagency task force discussed the issue this week.
Spouses and children of Black World War II veterans who were shut out of the VA home loan program would be eligible under new legislation introduced this month.
House passes Build Back Better bill; lenders can send electronic submissions of multifamily mortgage applications in the FHA Catalyst; HUD will sell multiple pools of vacant properties from FHA’s reverse mortgage program; FHA announces job openings; the USDA appoints new administrator to the RHS.
Ginnie Mae permits the use of eSignatures and remote online notarization for loan-modification agreements on paper mortgages. The agency received a thumbs-up from Mortgage Industry Standards Maintenance Organization.
The FHA Mutual Mortgage Insurance Fund ended fiscal 2021 with a capital ratio of 8.03%, more than four times its statutory minimum. As anticipated, the industry wants FHA to follow up with premium cuts.
Attorneys are urging companies to communicate how workers must comply with mandates for COVID-19 vaccinations or testing following an emergency temporary standard from the Occupational Safety and Health Administration. The OSHA mandate faces challenges in federal court.