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HUD Updates Manufactured Home Regulations

Appraisal Buzz

This update of the HUD Code is long overdue and will help increase production while also ensuring modern designs to suit the needs of families.” In addition, the final rule includes more clarity regarding structural design requirements for attics.

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To expand housing counseling services, HUD taps Zillow

Housing Wire

New final rule on counseling accessibility Published in the Federal Register on Monday, the “ Modernizing the Delivery of Housing Counseling Services ” final rule now allows HUD-approved housing counseling agencies to use a broader swath of communication methods with counseling clients. The final rule is slated to go into effect on Oct.

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Manufactured homes are appreciating faster than site-built homes

Housing Wire

The study — which refers to such homes as “mobile homes,” a term the manufactured housing industry sees as imprecise at best and erroneous at worst — also found that prices for these homes accelerated at a faster pace than traditional single-family homes. increased by 58.34% between 2018 and 2023.

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Fannie Mae makes further changes to appraiser independence requirements

Housing Wire

AIR is designed to “safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties,” according to Fannie Mae. Fannie Mae published a new frequently asked questions (FAQ) document related to AIR this week.

Appraisal 369
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Here’s why some lenders choose IPEN over RON

Housing Wire

As the traditional in-person notarization process can involve hundreds of paper records, you’re also losing the eco-friendly appeal with modern borrowers expecting a paperless process. EscrowTab’s solution is designed to work as close to paper as possible, except better.

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HUD Expands Housing Counseling Services

Appraisal Buzz

The multi-year campaign was created to generate awareness of the availability and benefits of pre-purchase housing counseling provided by HUD-certified counselors, and designed to reach communities of color that have historically faced more difficulties with the homebuying process due to systemic barriers.

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ESSA Bank to pay $3M to settle DOJ’s redlining allegations

Housing Wire

This resolution makes clear our commitment to holding banks and financial institutions accountable for modern-day redlining while ensuring access to fair lending in communities of color.” DOJ opened the investigation into ESSA after being referred by the Federal Deposit Insurance Corporation (FDIC).

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