FHA/VA/HUD

New policies set forth by the FHA in Mortgagee Letter 2023-10 will shorten the timeframe for mortgagees to receive Home Equity Conversion Mortgage assignment funds.

The U.S. Department of Housing and Urban Development and the National Association of Home Builders announced new information surrounding the Innovative Housing Showcase, held to raise awareness of innovative and affordable housing designs with the potential to increase housing supply and reduce housing expenses for owners and renters nationwide.

The U.S. Department of Housing and Urban Development has published the Final Rule for the National Standards for the Physical Inspection of Real Estate in the Federal Register, which will be effective July 1 and October 1 for all rental assistance programs.

HUD’s Affirmatively Furthering Fair Housing Rule seeks to provide for more robust community engagement, streamline processes for funding recipients, and provide greater transparency.

The U.S. Department of Housing and Urban Development has announced the issuance of $382 million via the Housing Trust Fund that will increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely-low and very low-income households.

“By providing a pathway for more older adults to stay in their homes, we are helping to improve lives and ensuring the opportunity for seniors to age with dignity,” said HUD Secretary Marcia L. Fudge.

Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson has released a new statement addressing the pricing framework of Fannie Mae and Freddie Mac.

According to new residential sales statistics from U.S. Census Bureau and the U.S. Department of Housing and Urban Development, new single-family home sales rose to a seasonally adjusted annualized rate of 683,000.

HUD will introduce rulemaking, establish a process for individualized assessments, and outline guidelines for public housing authorities to remove barriers to safe, affordable housing for people with criminal records.

According to Fannie Mae's Economic and Strategic Research Group, experts project the gradual tightening in credit conditions due to recent bank turmoil will contribute to a modest recession beginning in the second half of 2023. Click here to learn more.