A federal judge issued a temporary restraining order blocking planned layoffs at federal agencies, including the Department of Housing and Urban Development’s Office of Fair Housing and Equal Opportunity.
Borrowers have a right to request a reconsideration of value if they feel an error has been made by the appraiser. But it’s not an open-ended process; they can only initiate one ROV for each appraisal report.
The draft appropriations budget for the Department of Housing and Urban Development is more lenient than the Trump administration’s request, but still zeroes out fresh funding for the HOME program.
HUD housing counseling services help streamline the application process for borrowers, saving originators time and money, panelists said last week at MISMO’s spring summit in Boston.