Seeking to further advance the Biden’s administration housing agenda, the White House’s proposed budget allocation includes $11.6 billion more for HUD in fiscal year 2023.
FHA will ensure appraisers have clear guidance on their antidiscrimination obligations under current laws, improve the processes for homeowners to seek revaluation and expand data sharing among agencies, among other plans.
A common pleas court has ruled that Ohio’s Servicemembers Civil Relief Act does not protect active servicemembers from home loan interest rates above 6%, according to attorneys representing the defendant.
The Bipartisan Policy Center and the Urban Institute this month called on local, state and federal policymakers to help address the critically short supply of housing, especially affordable housing.
An Illinois appeals court vacated a summary judgment in favor of Fifth Third Mortgage Co. that led to the foreclosure sale of a couple’s home and remanded the case to a circuit court.
In an effort to reinforce its commitment against racial bias in home valuations, FHA updated its general appraiser requirements. An interagency task force discussed the issue this week.