HUD: “Express Lane” Launced to Expedite Financing for Residential Care Facilities
FHA cuts processing times from five months to two weeks for eligible low-risk transactions U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the launch of a new “Express Lane” to expedite Federal Housing Administration (FHA) insured refinancing applications under the FHA Section 232/223(f) Mortgage Insurance for Residential Care Facilities program. This…
HUD: Home Appraisal Process Streamlined Through Termination of PAVE Task Force Policies
Termination of DEI PAVE task force policies will improve efficiency, reduce regulatory burden, and expand access to homeownership U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and Acting Administrator of the Office of Information and Regulatory Affairs (OIRA) at the Office of Management and Budget (OMB) Jeffrey Clark announced the termination of…
HUD: Foreclosure Relief Provided to Texans Impacted by Floods
Action from Secretary Turner provides immediate relief for more than 900 Federal Housing Administration (FHA) single family mortgages in impacted areas U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced a 90-day foreclosure moratorium on Federal Housing Administration (FHA)-insured single-family mortgages in the areas of Kerr County, Texas, devastated by continuing severe…
HUD and Census Bureau: New Residential Sales Report for May 2025 Issued
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for May 2025: New Home SalesSales of new single-family houses in May 2025 were at a seasonally-adjusted annual rate of 623,000, according to estimates released jointly today by the U.S. Census Bureau and the…
HUD: Red Tape Slashed to Cut Homeownership Financing Costs
FHA eliminates 12 costly and burdensome policies in sweeping rollback U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is rescinding more than 12 sub-regulatory policies under its Single Family mortgage insurance program. These sweeping changes cut red tape, help reduce the cost of homeownership, and eliminate…
HUD: New Headquarters Announced in Alexandria, Virginia
Relocation from Failing Federal Facility Marks New Era Defined by Promotion of Excellence, Prioritization of Health and Safety, and Efficient Use of Taxpayer Dollars U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the relocation of HUD headquarters from the Robert C. Weaver Federal Building to 2415 Eisenhower Avenue in Alexandria, Virginia….
HUD: Secretary Turner Moves to Eliminate FHA Green Housing Mandate
Issues Directive to Level all Multifamily Mortgage Insurance Premium Categories to 25 Basis Points, Ending the Green and Energy Efficient Category U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner today announced the Federal Housing Administration (FHA) will propose an across-the-board leveling of its Upfront Capitalized and Annual Mortgage Insurance Premiums (MIPs) to…
HUD: Disaster Aid and Financial Flexibility Delivered for Mississippi Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Mississippi to supplement recovery efforts in the areas affected severe storms, straight-line winds, tornadoes and flooding from March 14-15, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods,…
HUD: Disaster Aid and Financial Flexiblity Delivered to Kentucky Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the Commonwealth of Kentucky to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from May 16-17, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods,…
HUD: Disaster Aid and Financial Flexibility Delivered for Arkansas Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Arkansas to supplement recovery efforts in the areas affected by severe storms, tornadoes and flooding from April 2–22, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods, and…