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NAR President Meets with RHS

February 6, 2015: 

On Feb. 2, 2015, NAR President Chris Polychron met with Lisa Afua Serwah Mensah, Under Secretary of USDA Rural Development, and Tony Hernandez, USDA Rural Housing Service Administrator.

Treasury Issues Interim TRIA Guidance

February 6, 2015: 

On Wednesday, Feb. 4, the Federal Insurance Office within the Department of the Treasury released interim guidance on implementation of the Terrorism Risk Insurance Program Reauthorization Act of 2015, which was signed into law on Jan. 12 and renewed the federal Terrorism Risk Insurance Program through 2020.

Fannie Collateral Underwriter Lender Letter

February 6, 2015: 

On Feb. 4, 2015, Fannie Mae released Lender Letter 2015-02 to provide clarifications and additional information about Collateral Underwriter, Appraiser Quality Monitoring (AQM) and updates to the Property Eligibility and Appraisal Requirements section of the Selling Guide.

Fannie Mae’s Collateral Underwriter (CU) Now Available to Lenders

February 3, 2015: 

Fannie Mae's CU is a tool that lenders can use to assign a risk score to appraisals and identify aspects of the appraisal that may require further attention.

Rural Housing Eligibility Information

February 3, 2015: 

Communities that were slated for federal rural housing program ineligibility on February 2, 2015 due to "rural in character" criteria will be reinstated as eligible through Sept. 30, 2015.

FHA Premium Reduction In Effect

January 26, 2015: 

The Federal Housing Administration’s (FHA) 50 basis point mortgage insurance premium (MIP) reduction goes into effect.