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.
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 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.
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.
Topics: Rural Housing Programs
Buying a home can be daunting, but it is easy enough to begin working on the first step – saving for a down payment.
Certain seasons and certain days are busier than other in real estate. Find out when the hotspots are.
Home staging involves arranging and decorating the home in a way that appeals to a wide range of buyers.
The Federal Housing Administration’s (FHA) 50 basis point mortgage insurance premium (MIP) reduction goes into effect.
A commercial drone pilot, Raphael Pirker, has settled his long-running case with the Federal Aviation Administration.
On Wednesday, January 21, the House Science, Space, and Technology Committee held a hearing to discuss innovations in unmanned aircraft systems (UAS, or "drones"), the need for FAA rules on their commercial use, and the roadblocks to getting those rules promulgated.