On May 29, HUD issued a request for information (RFI) in the Federal Register, seeking public comment on modernizing FHA’s Minimum Property Requirements (MPRs) for single-family mortgage insurance programs. MPRs require that properties securing FHA-insured mortgages meet baseline standards for safety, soundness and security as a precondition for FHA-insurance eligibility. HUD noted that MPRs and associated repair requirements have not undergone a major update in more than two decades, and that some stakeholders view FHA’s repair and reinspection rates as significantly exceeding those of Fannie Mae and Freddie Mac — a disparity they contend may deter sellers from accepting FHA-financed offers. Among other things, the RFI solicits feedback on: (i) whether current MPRs adequately protect borrowers and the Mutual Mortgage Insurance Fund; (ii) which specific requirements may no longer be necessary; (iii) whether post-closing repair flexibility could be expanded; and (iv) how FHA could streamline policies for mortgagees and appraisers to interpret and apply consistently. HUD stated that FHA is “contemplating a reassessment of its MPR policies to support a modern approach to collateral risk management practices.” Comments are due by June 29.