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HUD Issues Guidance for Artificial Intelligence’s Impact on the Fair Housing Act

HUD Issues Guidance for Artificial Intelligence’s Impact on the Fair Housing Act

by Phil Hall | May 2, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) released two guidance documents addressing the application of the Fair Housing Act to areas where the use of artificial intelligence poses particular concern. HUD’s guidance focuses on the tenant screening...
FHFA and HUD Announce New Reconsideration of Value Policies

FHFA and HUD Announce New Reconsideration of Value Policies

by Phil Hall | May 2, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD) have published their new Reconsideration of Value (ROV) policies to address concerns raised by potential disparities in residential property appraisals. An ROV is a...
Builders Angry Over Biden’s Energy Standards Changes

Builders Angry Over Biden’s Energy Standards Changes

by Phil Hall | Apr 26, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Home Builders (NAHB) has slammed the Biden administration’s decision to force the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) will insure mortgages for new homes only if they are...
New Home Sales Up 8.8% in March

New Home Sales Up 8.8% in March

by Phil Hall | Apr 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Higher home prices and elevated mortgage rates did not stop buyers last month as new single‐family houses sales during March were at a seasonally adjusted annual rate of 693,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban...
HUD Announces Final Rule for Federal Flood Risk Management Standard

HUD Announces Final Rule for Federal Flood Risk Management Standard

by Phil Hall | Apr 22, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) published a Federal Flood Risk Management Standard (FFRMS) final rule in the Federal Register designed to help communities prepare for and reduce flood damage. According to HUD, the final rule updates two of...
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