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NAR is a strong supporter of the single- and multi-family programs administered by the Federal Housing Administration (FHA) but continues to seek additional flexibility in the condominium project approval process.

Latest News
June 19, 2015
FHA released its Single Family Loan Quality Assessment Methodology or “Defect Taxonomy.”  The Taxonomy explains how FHA plans to gather information about defects in FHA loans.  The Taxonomy is supposed to help FHA lenders identify underwriting issues and reduce errors that could lead to enforcement actions.  FHA hopes that the Taxonomy will give lenders more confidence in working with qualified FHA borrowers across the credit spectrum.  The nine-nine different codes that FHA currently uses to describe loan defects will be reduced to nine distinct defects.
FHA
May 29, 2015
NAR 2016 First Vice President, Elizabeth Mendenhall, represented NAR at a roundtable discussion in Missouri.
May 22, 2015
On Friday, May 15, the Federal Housing Administration (FHA) released a notice to clarify requirements for lenders when preparing mortgage transaction documents needed for FHA’s insurance endorsement.
FHA
April 30, 2015
The Federal Housing Administration (FHA) announced that it will delay implementation of the Single Family Housing Policy Handbook for 90 days.
FHA

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