FHA announces policy changes to ease regulatory burdens
Issue Date: June 23, 2026
HUD has announced fourteen policy changes to its Federal Housing Administration (FHA) Single Family mortgage insurance program with the intention to lower costs, reduce regulatory burdens, and improve affordability. These changes include:
- Streamlining appraisal field review requirements to better align with conventional financing requirements,
- Expanding flexibility under the limited 203(k) rehabilitation mortgage insurance program,
- Modernizing FHA mortgagee approval and quality control,
- Eliminating the duplicative requirement for lenders to use the important notice to homebuyers Form 92900-B, and
- Clarifying loss mitigation requirements governing trial payment plans.
NAR supports efforts to modernize and streamline regulations in ways that responsibly increase credit availability for qualified borrowers, reduce regulatory burden in the lending process, and help ease affordability challenges facing prospective homebuyers. These changes are especially significant for consumers and real estate professionals, as they can help streamline transactions, reduce delays and costs, and improve access to financing for qualified buyers.