Senate Panel Unveils HUD Funding Bill, Spurns Lender IT Fee, Senate Okays Inclusion of Energy Costs in FHA Underwriting
April 28, 2016
The Senate Appropriations Committee last week approved funding for several housing provisions in the government’s Transportation and Housing and Urban Development fiscal year 2017 budget proposal, including FHA technological improvements, while the full Senate passed an amendment to include energy costs in FHA underwriting and appraisals. Approved by a unanimous vote of 30 to 0, the T-HUD budget bill, among other things, would provide federal funding for FHA technological upgrades rather than charge lenders an administrative fee as HUD had proposed. The committee appropriated $13 million in specific funds to improve FHA’s information technology. The proposed per-loan fee charged to lenders was projected...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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