FHFA: HUD and FHFA Expand Scope of Public Appraisal Data to Ensure Fairer Home Appraisals
The Federal Housing Finance Agency released its latest update of the Uniform Appraisal Dataset (UAD) that now includes appraisal data on loan applications submitted to the Federal Housing Administration The Federal Housing Finance Agency (FHFA) and U.S. Department of Housing and Urban Development (HUD) today jointly released new appraisal data from loan applications on single-family…
FHFA: Updates to Enterprise Policies on Appraisals, Loan Repurchase Alternatives, and Pricing Notifications Announced
The Federal Housing Finance Agency (FHFA) announced updates today to several Fannie Mae and Freddie Mac (the Enterprises) policies that are intended to enhance efficiencies and promote cost savings in the single-family mortgage market. “Today’s announcements highlight actions that will better ensure the Enterprises are reliable sources of liquidity for lenders of all sizes and…
HUD: Aid Offered to Florida Disaster Victims
Today, the U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the State of Florida and ordered federal aid to supplement state, tribal, and local recovery efforts in the areas affected by Hurricane Milton beginning October 5, 2024 and continuing. President Biden issued a major disaster declaration for the state…
Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2025 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $32,400 to $33,500. The threshold amount will be effective January 1, 2025, and is based on the…
HUD: Aid Offered to Georgia Disaster Victims
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Georgia and ordered federal aid to supplement State and local recovery efforts in the areas affected by Hurricane Helene beginning on September 24, 2024, and continuing. President Biden issued a major disaster declaration in the State…
HUD: Aid Offered to South Carolina Disaster Victims
Federal aid supports counties of Aiken, Anderson, Bamberg, Barnwell, Cherokee, Greenville, Greenwood, Lexington, Newberry, Oconee, Pickens, Saluda, and Spartanburg. The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of South Carolina and ordered federal aid to supplement State, tribal, and local recovery efforts in…
HUD: Aid Offered to Florida Disaster Victims
Federal aid supports counties of Charlotte, Citrus, Dixie, Franklin, Hernando, Hillsborough, Jefferson, Lafayette, Lee, Levy, Madison, Manatee, Pasco, Pinellas, Sarasota, Taylor, and Wakulla. The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Florida and ordered federal aid to supplement State, tribal, and local…
HUD: Aid Offered to North Carolina Disaster Victims
Federal aid supports affected individuals in Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Transylvania, Watauga, Wilkes, and Yancey Counties and the Eastern Band of Cherokee Indians The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal…
HUD: Ginnie Mae and HUD to Host Summit on Mortgage Market Resilience and Access to Credit
The October 15 Summit will bring together leaders across sectors to discuss the critical role of independent mortgage banks in housing finance. Today, the U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae announced plans to host a summit to explore the impact of mortgage market liquidity on Americans’ access to affordable home…
HUD: Aid Offered to Vermont Disaster Victims
Federal aid supports counties of Caledonia, Essex, and Orleans The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Vermont and ordered federal aid to supplement state and local recovery efforts in the areas affected by the severe storms, flooding, landslides, and mudslides from…