The final rule will allow lenders to disburse up to 1% of FHA-endorsed multifamily construction loan proceeds before borrower-provided funds are fully exhausted.
One of the nation’s top mortgage lenders wants a federal court to confirm that lenders can’t interfere within independent appraisals, even if they are allegedly discriminatory.
The Mortgage Bankers Association said HUD regulations don’t expressly prohibit convenience fees, and a retroactive administrative enforcement of an “apparent new policy” is inappropriate and misguided.
Some former federal officials who spoke this week at a policy conference said the Trump administration might roll back, or at least revisit, recent housing regulations that touch on climate change.
FHA Commissioner Julia Gordon said it is critical the government invest in existing homes, given that more than 40% of single-family homes are more than 50 years old.
HUD announces 2025 loan limits; FHA finalizes cyber incident reporting requirement updates; UWM removes LLPA for government loans; and more news in brief.
A four-year partnership committed to expanding financial inclusion in low and moderate income, diverse and underserved neighborhoods will begin in January.