News & Analysis as of

Federal Housing Administration (FHA) Single Family Housing

Orrick, Herrington & Sutcliffe LLP

FHA rescinds three appraisal policies in new mortgagee letter

On March 19, the FHA rescinded three mortgagee letters related to appraisal policies in its Single Family Housing programs through Mortgagee Letter 2025-08. The letter rescinds FHA Single Family Housing policy changes issued...more

Buchalter

HUD Issues Rule with New Flood Risk Standards – Impacts New Construction and Substantial Improvements to Properties Financed and...

Buchalter on

On April 2, 2024, HUD published a new rule in the Federal Register regarding the Federal Flood Risk Management Standard (FFRMS). The new rule updates the HUD regulations on Floodplain Management and Protection of Wetlands and...more

Orrick, Herrington & Sutcliffe LLP

HUD increases inspection fee limits for single-family homes

On November 15, HUD increased its fee limits for property inspections for single-family homes.  HUD requires federal mortgage holders to perform property inspections to determine “occupancy status, ascertain property...more

Bradley Arant Boult Cummings LLP

FHA Updates Single Family Policy Handbook 4000.1

In late July, the Federal Housing Administration (FHA) made several important revisions to the Single Family Policy Handbook 4000.1. The new guidance is part of a series of changes recently announced by the Biden-era FHA,...more

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