USDA deputy secretary confirmed; HUD seeks comments on burdens facing FHA lenders in maintaining eligibility; Ginnie Mae expands LMI disclosure initiative; and more.

FHFA wants the authority to suspend counterparties that have been sanctioned by other federal or state regulators. The agency argues that the outcomes of certain civil actions are analogous to criminal convictions.

Two former Movement employees triggered the investigation against the lender when they filed a whistleblower civil action in 2018.

Flagstar Bank met FHA’s face-to-face requirement when it left a door hanger at the home of a borrower prior to foreclosing on the property, a state Supreme Court ruled.

While the rules don’t apply to single-family homes, the agency has programs to help seniors and others improve their residences and make them safer.

New Jersey and Louisiana senators are spearheading a new flood insurance reauthorization with a five-year life and premium caps.

Median monthly home payments have jumped from $2,200 in January 2022 to $3,000 in March 2023, Harvard’s Joint Center for Housing Studies reports.

The inspector general found fault with how the industry in general and Mr. Cooper in specific handled pandemic-era loss mitigation.

The FHA has more than a dozen final or proposed rules lined up for action over the next 12 months. The agenda includes rules to modernize engagement with mortgagees in default and to update requirements for firms that invest in FHA mortgage servicing.

FHA this week announced a new language access web page with key single-family home mortgage documents and educational resources translated into Spanish, Chinese, Korean, Tagalog and Vietnamese.