HUD opens probe into Wells Fargo’s race-based mortgage programs
HUD says bank initiatives may violate the Fair Housing Act
HUD
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NRMLA says it will keep pushing for HECM insurance changes after remarks by Ginnie Mae president
NRMLA President Steve Irwin said the trade group will continue to lobby HUD, FHA on lowering the upfront mortgage insurance premium for federally insured reverse mortgages
FHA expected to keep Classic FICO as it adds new models in January
Lenders expect model consistency will be required at the loan level
FHA proposes partial claim model that drops subordinate liens
The Federal Housing Administration (FHA) is proposing a new structure, called Reinstatement Advance Payment (RAP), that would change how servicers document and service partial claims and payment supplements.
HUD aims to help multi-story manufactured housing go vertical
HUD proposed a rule to allow chassis free upper floors in manufactured homes, a change developers say can cut $5,000 to $10,000 per home.
HUD pilots robotics-built housing and automated permitting
A pair of ultra-modest, little-noticed funding opportunities from the U.S. Department of Housing and Urban Development may signal a new strategy taking shape in Washington. The Builder’s Daily has learned that HUD recently opened applications for two new demonstration programs totaling $13 million that target two of the industry’s chronic obstacles to delivering housing at […]
NALHFA: HUD cuts would worsen housing affordability challenges
Jonathan Paine, executive director of NALHFA, says proposed cuts will only exacerbate existing hurdles for many Americans.
New federal funding a mixed bag for housing programs
Just under $35 billion is provided for HUD’s tenant-based rental assistance account — commonly known as the Housing Choice Voucher Program.
HUD urges states to cut fees, simplify codes and fast-track permits
HUD urges fee caps, code limits, and faster permits, citing over $100,000 in regulatory costs per new single-family home.
NAR says policies already align with new HUD stance on sharing school, crime data
The National Association of Realtors says existing policy aligns with new HUD guidance allowing agents to discuss local crime and school data.