HUD’s Office of Production issued temporary, three-month guidance implementing a procedural change to its underwriting queue to improve process efficiency.
On May 12, the Senate voted 50-50, with Vice President Kamala Harris (D) breaking the tie, to confirm Julia Gordon as commissioner of the Federal Housing Administration (FHA).
Yesterday, the Senate voted to discharge the nomination of Julia Gordon to serve as commissioner of the Federal Housing Administration/deputy secretary of HUD’s Office of Housing.
In Mortgagee Letter 2022-05 and Housing Notice 2022-02, HUD increased the substantial rehabilitation for FHA insured loan programs from $15,000 to $16,983 per unit.
The Federal Housing Administration (FHA) announced that it is removing temporary COVID-19 underwriting mitigants for multifamily transactions insured under Section 223(f) of the National Housing Act effective immediately for all insured transactions that have yet to reach endorsement.
HUD’s Office of Multifamily Housing sent a memo to Federal Housing Administration Multifamily Accelerated Processing lenders eliminating the submission of a hard copy of closing documents, so long as they are identical in every respect as the submission that was provided electronically to HUD.
The Office of Multifamily Housing published Mortgagee Letter 2021-26, which announces the required use of the FHA Catalyst: Multifamily Applications Module effective Dec. 10, 2021, for all electronic MAP application submissions.
Last week, the White House released a sweeping set of actions the Biden-Harris administration is taking to increase the supply of affordable housing.
The Senate Committee on Banking, Housing and Urban Affairs will hold a nomination hearing to consider Julia Gordon to be Federal Housing Administration commissioner and assistant secretary for Housing at HUD at 10 a.m. ET on August 5. NH&RA sent a letter to the committee supporting Gordon’s nomination.
HUD published Housing Notice 2021-03 Forbearance Relief and Associated Tenant Protections for FHA-Insured, Section 202, HUD-held, and Risk Share Multifamily Loans, which details tenant protections during Multifamily forbearance.
FHA will host the following three webinars on its new Multifamily Accelerated Processing (MAP) Guide: January 21 from 2-3:30 p.m. ET: Learn about Chapter Two, Lender Qualifications and Practices paired with Chapter 15, Oversight of MAP Program Requirements; Chapter Three, a general summary of program requirements; Chapter Five, Architectural and Construction Analysis paired with Chapter […]