2020 FHA Loan Limits Published FHA published its 2020 loan limits on December 3, 2019. The high cost limit is now at $765,600, while the lowest FHA limit rose to $331,760.
Loan Limits Increase in 2020 The Federal Housing Finance Agency (FHFA) published the 2020 conforming loan limits for Freddie Mac and Fannie Mae.
NAR Testifies on USPAP NAR provided comments on the Appraisal Standards Board's (ASB) concept paper reforming the evaluation standards in USPAP.
FHA Fund Performing Above Goal FHA released its annual report to Congress on the financial status of the FHA Mutual Mortgage Insurance Fund.
Investigation into Emotional Support Animals HUD sent a letter to the Federal Trade Commission (FTC), asking them to investigate websites selling assistance animal documentation.
Change to FHA REO Policy Big Win! NAR expressed concerns to the FHA about HUD’s policies regarding commissions and the conflict with NAR MLS policy. Changes are coming Dec. 1.
Expanding Access to Credit The House Financial Services Committee passed a number of NAR-supported bills to expand access to credit.
Legislation on Short Term Rentals There has been a lot of press coverage of a new bill introduced in the House that deals with short-term rentals.
FHA Down Payment Assistance Changes Rescinded The rescinded guidance includes requiring entities to prove property was within a jurisdiction where government has authority to provide assistance.
HUD Releases Final Condo Rules This ruling will help reverse recent declines in condo sales and ensure the FHA is fulfilling its primary mission to the American people.
NAR Comments on FHA Loan Sales NAR sent comments to the FHA in response to an advance notice of proposed rulemaking on the FHA Single-Family Loan Sale Program.
Congress Passes VA Loan Bill The President is expected to sign legislation that will eliminate the cap on the VA home loan guarantee.
FHA Premium Reduction Legislation Two bills were introduced in the House that would provide for reductions in the fees borrowers pay on FHA-insured mortgages.
NAR Comments on FCC Proposal NAR, in conjunction with a coalition of real estate groups, submitted comments to the FCC on a proposal to expand 5g deployment.
FHA Mitigates Risk in Portfolio FHA announced changes to the Technology Open to Approved Lenders Scorecard for mortgages with case numbers assigned on or after March 18, 2019.
FHA Eliminates Inspector Roster The Federal Housing Administration (FHA) officially eliminated the FHA Inspector Roster.
NAR Urges HUD to Release Condo Rules NAR asked HUD's Secretary to release the final FHA condominium rules.
USDA Issuing Conditional Commitments Again USDA has temporarily set-up a team dedicated solely to processing rural development loans.
Global Find the information, education, and connections you need to thrive in the growing field of international real estate.
Voice for Real Estate: January 6, 2020 Video Get takeaways from NAR's first-ever Real Estate Forecast Summit and annual conference; learn about key federal budget wins for real estate; and more.
