FHFA: Correcting Amendment Reinstating Grandfather Exceptions to Private Transfer Fee Covenants
The Federal Housing Finance Agency (FHFA) issued a correcting amendment to reinstate grandfather exceptions to restrictions on private transfer fee covenants. This rule, published on March 20, 2026, amends existing regulations to clarify specific exceptions.
Rural Housing Service Final Rule on Single-Family Housing Guaranteed Loan Program
The Rural Housing Service (RHS) has issued a final rule amending its Single-Family Housing Guaranteed Loan Program (SFHGLP) regulations. This rule grants Delegated Lenders the authority to make loans and obtain Loan Note Guarantees after closing using automated systems. The rule is effective June 17, 2026, with implementation expected September 28, 2028.
USDA Notice on Housing Loan Program Pilot Test Environment
The Rural Housing Service (RHS) is launching a pilot program for the Section 502 Single Family Housing Guaranteed Loan Program (SFHGLP). This pilot will test delegating loan approval authority to eligible lenders, replacing the agency's pre-closing review. The program aims to streamline approvals and is authorized under 42 U.S.C. 1476(b).