Nation: HUD Proposes Condo Rule

When H.R. 3700, the “Housing Opportunity Through Modernization Act,” was signed into law earlier this year, the Department of Housing and Urban Development was given notice that they had 90 days to weigh in on regulations related to Federal Housing Administration financing for condominiums before changes automatically went into effect. These included rules regarding owner-occupancyContinue reading “Nation: HUD Proposes Condo Rule”

Nation: HUD Secretary on Speaks to Realtors

The Secretary of Housing and Urban Development (HUD), Julian Castro, was a key note speaker at NAR’s Legislative meetings last week in Washington, DC. Castro, the former mayor of San Antonio, was optimistic. He noted HUD’s condo rule was “out of the door.” He said President Obama’s economic agenda is helping the middle class andContinue reading “Nation: HUD Secretary on Speaks to Realtors”