by Dawn Bauman, CAE | Jun 14, 2018 | Housing Finance
UPDATE Jun. 27, 2018: Secretary Ben Carson announced plans to release the final rule easing restriction on FHA loans for condominiums beginning in Sept. 2018. As the number of FHA-approved condominiums continues to decrease, congressional leaders call on HUD Secretary...
by Dawn Bauman, CAE | Nov 29, 2016 | Housing Finance
There are approximately 145,000 to 155,000 condominium projects in the U.S., according to the Foundation for Community Association Research (FCAR). As of October 2016, 9,866 condominiums—less than 7 percent of condominium projects nationwide—were Federal Housing...
by C. Scott Canady | Sep 28, 2016 | Federal Advocacy, Housing Finance
On September 27, 2016, the Federal Housing Administration (FHA) released a proposed regulatory update to its condominium unit mortgage insurance program. On balance the rule has many positive aspects, including a limited “spot approval” process. The rule...
by Dawn Bauman, CAE | Jul 29, 2016 | Federal Advocacy, Housing Finance
July 29, 2016 – The White House announced President Barack Obama has signed H.R. 3700, the Housing Opportunity through Modernization Act. H.R. 3700 is now federal law. H.R. 3700 reforms the process used by the Federal Housing Administration (FHA) to determine...
by Dawn Bauman, CAE | Jul 18, 2016 | Federal Advocacy, Housing Finance
July 15, 2016—In a burst of pre-recess productivity, the U.S. Senate unanimously approved H.R. 3700, the “Housing Opportunity through Modernization Act”. President Obama is expected to sign the bill into law. The Act makes important changes to the Federal...
