ICBA, other groups urge HUD to improve mortgage credit
May 18, 2026 / By ICBA
ICBA and other groups said the Federal Housing Administration and the Veterans Affairs Home Loan Program should align their appraisal requirements with Fannie Mae and Freddie Mac to help reduce cost and increase access to credit.
Details: In a joint letter to the Department of Housing and Urban Development, ICBA and the other groups also said HUD and the VA should:
Clarify the distinction in an appraisal inspection between safety and habitability concerns that necessitate pre-closing repairs versus cosmetic concerns.
Expand post-closing repair flexibility.
Past ICBA Mortgage Advocacy: ICBA earlier this year shared with the White House administrative actions that could help lower the costs of homeownership while preserving safety and soundness for market participants.
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