Search Results for keywords:"Federal Housing Administration"

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Search Results: keywords:"Federal Housing Administration"

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  • 2021-02542 — 60-Day Notice of Proposed Information Collection: Application for Roster Personnel (Appraisers) Designation and Appraisal Reports
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    Type:Notice
    Citation:86 FR 8652
    Reading Time:about 3 minutes

    The Department of Housing and Urban Development (HUD) is seeking approval from the Office of Management and Budget (OMB) for collecting information related to appraiser designations and appraisal reports. This request is in line with the Paperwork Reduction Act, allowing for a 60-day period for public comment on the proposal. The information gathered is crucial for ensuring accurate appraisals, particularly for Federal Housing Administration (FHA) insured mortgages, to safeguard the interests of HUD, taxpayers, and the FHA insurance fund. HUD encourages feedback on the necessity, accuracy, and potential burden of this information collection process.

    Simple Explanation

    The Department of Housing and Urban Development (HUD) wants to know what people think about a plan to check how well the people who guess house prices (called appraisers) do their job. They're asking everyone to share their thoughts, but the details of what they're asking and how their comments will be used are a bit tricky to understand.

  • 2024-30796 — 60-Day Notice of Proposed Information Collection: Application for Roster Personnel (Appraisers) Designation and Appraisal Reports; OMB Control No.: 2502-0538
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    Type:Notice
    Citation:89 FR 105622
    Reading Time:about 3 minutes

    The Department of Housing and Urban Development (HUD) is seeking approval from the Office of Management and Budget (OMB) for a collection of information to continue designating appraisers and collecting appraisal reports. This is part of the process to ensure accuracy in mortgage insurance under the Federal Housing Administration (FHA), particularly for buyers with limited income and low property equity. HUD is inviting public comments on the necessity, accuracy, and methods of this information collection by February 25, 2025. The collection aims to uphold the quality of appraisals and provide information to potential homeowners about the benefits of independent home inspections.

    Simple Explanation

    The Department of Housing wants to make sure people who check the prices of houses (called "appraisers") are doing a good job when they help people buy homes. They are asking people to say if they think the way they gather this information is a good idea, and people have until the end of February to tell them what they think.

  • 2024-28706 — Federal Housing Administration (FHA): Single Family Sale Program
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    Type:Rule
    Citation:89 FR 99705
    Reading Time:about 75 minutes

    The Federal Housing Administration (FHA) has finalized a rule to make its Single Family Sale Program permanent, transitioning it from a pilot program. This program involves the sale of single family mortgage loans that have been assigned to the Department of Housing and Urban Development (HUD) in exchange for claim payments. The rule aims to maximize recoveries from these sales, enhance HUD's Mutual Mortgage Insurance Fund, and eliminate outdated regulations related to HUD's management of single family mortgages. It includes provisions to support nonprofit organizations in acquiring loans and ensures post-sale outcomes that benefit communities and homeowners.

    Simple Explanation

    The government changed a program to help sell homes it gets back after people can't pay their loans, making it a regular thing instead of just trying it out. They're trying to make more money from selling these homes and help people who buy them, but some of the rules about how it all works aren't very clear yet.