The Department of Housing and Urban Development has finalized rules that would modernize residential building standards.

The Department of Housing and Urban Development’s Adrianne Todman last week made her first appearance before the Senate Banking and Housing Committee as acting secretary.

Alanna McCargo, the outgoing Ginnie Mae president, is receiving praise for achievements, including obtaining a significant boost in funding from Congress.

The final rule on the Federal Flood Risk Management Standard includes new requirements for FHA mortgages.

HUD finalizes rule on interested party contributions for FHA HECM for purchase program; Ginnie announces payment default status dataset; federal jury convicts FHA borrower of fraud; and more news briefs.

The administrative actions last year resulted in civil monetary penalties of more than $26 million.

Adrianne Todman, the new acting secretary of the Department of Housing and Urban Development, called for more action to solve the affordable housing crisis.

CHLA endorses House Resolution 612 to protect veterans benefits; VA finalizes rule updating loss-mitigation terminology; VA adopts a no cash, no check policy; Ginnie adds low- to moderate-income data disclosures related to its home equity conversion mortgage MBS program; HUD to hold vacant home sale related to its HECM program.

Lenders using automation to enhance underwriting should ensure their models measure fairness to applicants and not just data accuracy.

Many mortgage brokers failed to satisfy a two-part test that determines whether compensation they received from a lender is permissible under the Real Estate Settlement Procedures Act.