The Senate last week approved $70 billion in budgetary resources for the Department of Housing and Urban Development as part of its fiscal 2023 appropriations package.
HUD wants to increase its outreach to community development financial institutions through more frequent training webinars tailored to teaching them how to join the FHA program.
RHS proposes rule for use of automated underwriting and closing systems; Ginnie revises capital requirements for certain entities; VA clarifies new procedures for alternative valuation; USDA announces toll-free lender line; VA report on home loan program; FHA working to promote energy-saving products in home rehabilitations.
If FHA wants to consider the sustainability of manufactured housing, it must work on how personal-property units fit within a manufactured housing community, said FHA Commissioner Julia Gordon.
The Mortgage Bankers Association called for FHA to have enough funding for it to better manage the risks associated with the Mutual Mortgage Insurance Fund.
The House Committee on Veterans Affairs has marked up 18 bills to support veterans, among them one would improve the appraisal process under the VA home loan program.