WASHINGTON, DC (July 1, 2026) |
The Defense Credit Union Council (DCUC) recently joined a coalition of trade groups, including America's Credit Unions, the American Bankers Association, Broker Action Coalition, Collateral Risk Network, Community Home Lenders of America, Housing Policy Council, Independent Community Bankers of America, Mortgage Bankers Association, National Association of Mortgage Brokers, and National Association of Realtors, in a joint letter to Joseph M. Gormley, Assistant Secretary for Housing–Federal Housing Commissioner at the U.S. Department of Housing and Urban Development.
The coalition's overarching request is that FHA adopt the GSE property condition rating system, along with the GSE minimum property requirements, in place of the current "subject to repair" MPR standards, that apply regardless of the overall condition or habitability of the property.
“A single, sensible property standard benefits everyone in the housing finance ecosystem, whether lenders, appraisers, and most importantly, borrowers,” says Jason Stverak, DCUC Chief Advocacy Officer. "We’re urging FHA to modernize its approach and align with the GSE framework that's already working well across the industry.”
View the official letter for more details.