AQB Proposes Update to Appraiser Criteria The Appraiser Qualifications Board (AQB) released proposed changes to the Appraiser Qualification Criteria.
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.
Agencies Increase Residential Appraisal Threshold Final rule increases the threshold for requiring an appraisal in residential real estate transactions from $250,000 to $400,000.
Appraisal Foundation Seeks Comment on Evaluations ASB is seeking input on whether USPAP should address standards for evaluations, and if so, how to differentiate that from appraisals.
FHA Down Payment Assistance Changes Rescinded The rescinded guidance includes requiring entities to prove property was within a jurisdiction where government has authority to provide assistance.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.
FHA Down Payment Assistance Changes Suspended HUD suspends effective date of Mortgagee Letter clarifying requirements for government entities providing down payment assistance to FHA borrowers.
NCUA Increases Commercial Appraisal Threshold Final rule increases the threshold below which appraisals are not required for commercial real estate transactions from $250,000 to $1,000,000.
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.
North Dakota Appraisal Requirement Waiver Decision The Board of the Appraisal Subcommittee held a public meeting to determine action on a waiver of appraiser credentialing requirements in North Dakota.
USDA Adopts Changes to Loan Program The USDA published a final rule adopting changes to the Rural Housing Services guaranteed and direct single family loan programs.
USDA Home Loan Technology Fee The USDA will begin to assess and collect a one-time $25 technology fee from lenders on each closed loan in the Section 502 guarantee loan program.
North Dakota Appraisal Requirement Waiver Request Comments on the North Dakota's request for a waiver of appraiser credentialing requirements must be received by the ASC on or before July 1, 2019.
VA Appraisal Request Change The ordering of an appraisal related to the VA Home Loan program must have the Certificate of Eligibility (COE) be in "Active or Pending" status.
FHA Revisions to Certifications and Defect Taxonomy FHA released proposed revisions to the FHA loan-level and annual lender certifications and Defect Taxonomy.
FHA Down Payment Assistance Requirements HUD released guidance on documentation requirements for government entities that provide down payment assistance to FHA borrowers.
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.
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.
