2010 April :: The Construction Management Pro

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April 23, 2010

I Love Wolves. I'm a Defender of Wildlife.  WildlifeAdoption.org
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4-23 HOUSE COMMITTEE MARKS UP GREEN BUILDING Bill

April 23, 2010

The House Financial Services Committee yesterday approved a bill to encourage green building and energy efficiency in housing and other buildings (H.R. 2336). The green building measure would create a residential energy efficiency block grant program to finance improvements to single-family and multifamily housing, provide incentives for new and existing HUD-financed structures to meet or exceed minimum energy efficiency standards, direct HUD to establish a four-year, 50,000-unit demonstration program on the cost‑effectiveness of meeting energy efficiency standards, and encourage FHA to finance at least 50,000 energy-efficient mortgages by December 31, 2012.

HDR Reports

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4-20 FINAL RULE ISSUED TO INCREASE FHA NET WORTH REQUIREMENTS

April 20, 2010

HUD published a final rule in today’s Federal Register increasing net worth requirements for FHA mortgagees and eliminating the FHA approval process for loan correspondents.
Effective June 21, all new applicants for FHA lender approval must have a minimum net worth of $1 million.  Effective May 20, 2011, lenders must have a minimum net worth of $1 million ($500,000 for small businesses).  Additional net worth requirements will go into effect on May 20, 2013.

Loan correspondents will continue to have the opportunity to participate in FHA programs through sponsorship by FHA-approved mortgagees, as is currently the case, or through application to be approved as an FHA-approved mortgagee. FHA-approved mortgagees will now assume full responsibility to ensure that a sponsored loan correspondent adheres to FHA’s loan origination and processing requirements.

Sounds like a bit of deregulation!

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Green Construction Materials

April 19, 2010



Jennifer at Greenshops.com discussing Green Building Materials.

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