The Federal Housing Administration today lowered its owner-occupancy requirement for condominium financing, effective immediately. Previously, condominiums approved for FHA financing were required to be in developments with an owner occupancy percentage of at least 50 percent. With today’s announcement, financing can now be approved in developments with 35 percent owner-occupied units – provided that certain conditions are met. FHA expects this move to increase mortgage lending to lower-income and first-time homebuyers.
Treasury proposes rulemaking for licensing payment stablecoin issuers
The Treasury Department released proposed rulemaking to require digital asset providers to obtain a federal or state license before issuing payment stablecoins, as required by the Genius Act.









