HUD announces planned updates to its handbook for the management of multifamily affordable homes; VA announces revised release date for its Loan Guaranty Service Program Participant Management System; Ginnie introduces new monthly disclosure on rural loans in MBS.

FHA lenders said the proposed rule would raise the cost of multifamily construction lending.

Industry players had raised concerns that the original proposal would have been too broad and included misconduct that didn’t affect safety and soundness.

Housing counseling agencies should increase training on home equity conversion mortgages to accommodate the rise in older Americans who want to age in place, according to FHA Commissioner Julia Gordon.

In July, FHA proposed a new rule governing the sale of seriously delinquent single-family home loans when they’re no longer insured by the agency.

The final rule is effective Oct. 16 and is unchanged from a proposal released by the Department of Housing and Urban Development in October 2023.

The draft mortgagee letter outlines guidance on a federal flood risk management standard related to minimum property requirements for newly built residential structures in special flood hazard areas.

Some industry players fear changes to how buyer agent commissions are paid will lead many Black homebuyers to forego representation.

The bank will create a $14 million fund to boost credit access and mortgage services in areas where it allegedly engaged in redlining.

Housing counselors can play a critical role in addressing racial gaps in homeownership, according to speakers at a HUD conference.