Industry stakeholders have largely applauded the nomination of Scott Turner as secretary of the Department of Housing and Urban Development, citing his experience and leadership.
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.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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