The Senate Confirmed Dana Wade as Assistant Secretary for Housing - Federal Housing Commissioner.

FHA mortgagee letter requires lenders to provide 20 percent indemnification for up to two years on borrowers who go into forbearance due to COVID 19.

FHFA directs Fannie Mae and Freddie Mac to allow the use of appraisal alternatives to reduce the need for appraisers during the COVID-19 crisis.

The Appraiser Qualifications Board (AQB) released proposed changes to the Appraiser Qualification Criteria.

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.

Final rule increases the threshold for requiring an appraisal in residential real estate transactions from $250,000 to $400,000.

ASB is seeking input on whether USPAP should address standards for evaluations, and if so, how to differentiate that from appraisals.

The rescinded guidance includes requiring entities to prove property was within a jurisdiction where government has authority to provide assistance.

This ruling will help reverse recent declines in condo sales and ensure the FHA is fulfilling its primary mission to the American people.

HUD suspends effective date of Mortgagee Letter clarifying requirements for government entities providing down payment assistance to FHA borrowers.

Final rule increases the threshold below which appraisals are not required for commercial real estate transactions from $250,000 to $1,000,000.

NAR sent comments to the FHA in response to an advance notice of proposed rulemaking on the FHA Single-Family Loan Sale Program.

The Board of the Appraisal Subcommittee held a public meeting to determine action on a waiver of appraiser credentialing requirements in North Dakota.

The USDA published a final rule adopting changes to the Rural Housing Services guaranteed and direct single family loan programs.

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.

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.

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 released proposed revisions to the FHA loan-level and annual lender certifications and Defect Taxonomy.

HUD released guidance on documentation requirements for government entities that provide down payment assistance to FHA borrowers.