The Urban Institute has called on federal housing agencies to accommodate automated valuation models as their starting points, with human appraisers checking the accuracy of the data as a back-up.
The Office of Inspector General found that the bandwidth on HUD’s virtual private network couldn’t accommodate all the employees who needed remote access during the pandemic.
The National Consumer Law Center said FHA should reform its home equity conversion mortgage program to reduce the number of so-called preventable foreclosures.