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.

The case revolved around a property in Brooklyn, NY, with a reverse mortgage dating back to February 2007 and whose owner died in February 2013. The borrower’s estate challenged the foreclosure, arguing that it was past the statute of limitations.

HUD’s spring regulatory agenda includes about a dozen FHA-related items in the proposed or final rule planning stage.

The Biden administration’s fiscal year 2025 budget request allocates $72.6 billion for HUD, which is higher by about $500 million from the FY23 enacted level.

Housing counseling providers are backing a proposal from HUD to permanently allow for services to be provided virtually rather than in-person.

Department of Housing and Urban Development programs would be funded at much lower levels than those called for in President Biden’s budget proposal under a fiscal 2024 bill introduced in the House this week.

The Department of Housing and Urban Development will require lenders to use a Supplemental Consumer Information Form for all FHA Title II single-family home mortgages they originate beginning in August.

While the rules don’t apply to single-family homes, the agency has programs to help seniors and others improve their residences and make them safer.

Remarks included concerns regarding the costs of complying with FHA’s proposed revision to minimum property standards for flood hazard exposure.

The White House has requested $73.3 billion for the Department of Housing and Urban Development in fiscal 2024.