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.

Housing counseling agencies should partner with lenders, nonprofits and government housing agencies to develop fee-for-service models to tap additional funding, according to industry experts.

Zillow will advertise on its platform a HUD campaign that seeks to create awareness of the availability of housing counseling services.

The Renewing Opportunity in the American Dream to Housing Act seeks to improve housing counseling and financial literacy programs.

The New Jersey-based bank was alleged to have restricted mortgage lending services and credit access to certain neighborhoods from 2018 through at least 2022.