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HUD rescinds FHA, USDA energy efficiency rule for new homes

Energy, FHA, FHA loan, Housing Market, HUD, HWmember, Mortgage, Regulatory, Scott Turner, USDA /

U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner said the agency is rescinding energy-efficiency requirements tied to loans backed by the Federal Housing Administration (FHA) and U.S. Department of Agriculture (USDA). Turner announced the move Tuesday at HousingWire’s The Gathering in Austin. A 2024 rule under the Biden administration had made new […]

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USDA rural housing loan changes could limit California buyers

Affordability, California, First-Time Homebuyers, Housing Market, HWmember, Mortgage, Regulatory, USDA /

Housing advocates warn that recent changes to a federal rural lending program could sharply limit homeownership opportunities for low-income families in California communities. The California Coalition for Rural Housing said revisions made Feb. 10 to the U.S. Department of Agriculture (USDA)’s Section 502 Direct Loan program reduce the maximum loan amount allowed under the program

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Government shutdown impacts senior access to services

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The federal government shutdown is set to reach one month on Saturday, and the impacts are being felt by many Americans, including seniors who are struggling to access food, health care and a variety of support services. An article published last week by national senior advocacy group AARP highlighted some of the difficulties being faced

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USDA is automating its loan application uploading

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The U.S. Department of Agriculture (USDA) announced this week that it has awarded technology services firm Phoenixteam a $49 million contract to modernize its mortgage underwriting platform, the Guaranteed Underwriting System (GUS). The Arlington, V.A.-based company will overhaul GUS, which supports USDA’s guaranteed loan program for rural and farming communities. Phoenixteam said the updates will

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HUD plans new time limits, work requirements for rental assistance

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The leaders seated earlier this year in the U.S. Department of Housing and Urban Development (HUD) are reportedly planning new time limits and work requirements for recipients of the department’s existing rental assistance programs, according to an internal document viewed by NPR. The document reportedly reveals that HUD is planning on limiting the amount of

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Senators introduce bill to strengthen interagency housing work

Arizona, Department of Veterans Affairs, Housing Market, HUD, HWmember, Legislation, Pennsylvania, Senate, USDA /

In a sign of continued bipartisan cooperation to address issues related to housing costs and supply, Sen. Ruben Gallego of (D-Arizona) and Sen. Dave McCormick (R-Pennsylvania) have introduced a bill that’s designed to better facilitate interagency coordination on housing issues. bill would encourage greater collaboration between the Department of Housing and Urban Development (HUD), the

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