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The Federal Housing Administration published revisions to residency requirements that will eliminate the “Non-permanent Residents” category in both the Single Family Title I and Title II programs.
Details: The FHA issued the changes via Mortgagee Letter 2025-09 and Title I Letter TIL-490 to align the FHA’s residency requirements with recent executive orders.
Timeline: The FHA said the provisions of the new requirements may be implemented immediately but must be implemented for FHA case numbers assigned on or after May 25.
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Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s executive order on federal payments.
ImageMar 26, 2025
With the Senate expected to vote this week on an ICBA-advocated resolution to overturn the Consumer Financial Protection Bureau’s overdraft rule, ICBA is calling on community bankers to urge their senators to vote in favor of the measure.
ImageMar 26, 2025
ICBA thanked the House Financial Services Committee for scheduling a hearing on the Consumer Financial Protection Bureau that will feature ICBA-advocated legislation.
ImageMar 26, 2025
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