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Two new rules for reverse mortgages you need to know. If you’re interested in getting a reverse mortgage, here are the two rules the government has placed on the HECM program, which makes up 99% of reverse mortgage loans, according to the National Reverse Mortgage Lenders Association. Here are the new rules:
· HUD’s “Mixed-Status” Rule Is the Latest Attack on the Immigrant Community. THE TORCH: CONTENTS By Milicent Sasu JULY 8, 2019. From family separations at the border to a proposed “public charge” rule that would punish immigrant families for using health, housing, and nutrition programs, the Trump administration has been issuing policies that strike fear within communities to fulfill.
A short document, "A New Assessment Process to Affirmatively Further Fair Housing," was released by HUD at the time of the Proposed Rule outlining the strategy to refine and improve the process currently known as the Analysis of Impediments to Fair Housing Choice (AI).
Therefore, he eligibility for an income disregard is determined by whether she qualifies under the new disregard policy effective October 1, 1999. A 4-month lag between the completion of the training program and the start of employment means the tenant is not qualified for the new disregard based on participation in a training program.
There are some new HUD (Housing and Urban Development) Rules that went into effect October 2016 which may have a significant impact on Condominium and Homeowners Associations, and although we very much dislike these new Rules for the reasons set forth below, it is important for Associations to be aware of these new liability traps.
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The Department of Housing and Urban Development (HUD) is reducing the amount of equity that can be withdrawn from a home using either a Federal Housing Administration (FHA) or a Veterans.
The Trump administration on Friday proposed a new rule that would make it. watch hud secretary ben Carson defends policies, laments.
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HUD’s proposed rule, therefore, aims to provide a framework for establishing legal liability for facially neutral practices that have unintended discriminatory effects on classes of persons.
Specifically, the new guidance extends certifications from two years to three, allows for single-unit mortgage approvals, provides more flexibility with owner/occupancy ratios, and increases the allowable number of FHA loans in a single project. The rule will go into.