By now, it is no secret that the FHA certification and recertification processes are not overly friendly and considered by most to be overwhelming, burdensome, complicated, and confusing. There are other “colorful” adjectives that have been used in the industry to describe these processes that will not be repeated in this blog. Nevertheless,Go to Resource
Category: National Legislation
Contrary to its past position on FHA lending guidelines for condominiums, last Friday (July 15, 2016) the Senate passed the Housing Opportunity Through Modernization Act (HR 3700) , and it is now sitting on President Obama’s desk for signature. The Housing Opportunity through Modernization Act has three major components including amendments to (i)Go to Resource
Earlier this month, the Department of Justice released an 8 page guide to Frequently Asked Questions about Service Animals and the ADA. The guide was drafted to respond to the continuing questions received by the Department of Justice about how the Americans with Disabilities Act (ADA) applies to service animals. While generally speaking,Go to Resource
On August 13, 2014, we blogged to warn condominium communities that temporary FHA condominium approval guidelines were about to expire on August 31st. However, FHA has just announced an extension of the temporary guidelines, which will now remain in effect until August 31, 2016. As a reminder, the current temporary guidelines define delinquenciesGo to Resource
With all the crazy weather, storms, and flooding around the Country, it’s no wonder homeowners have become a little nervous about flood damage and being able to obtain flood insurance. However, President Obama has recently signed into law the Homeowner Flood Insurance Affordability Act (HR 3370) to address this concern. In 2012, theGo to Resource