The owner of a New Jersey-based property management company pleaded guilty to making false reports and statements to HUD.

Senate majority leader files cloture on Gordon’s confirmation for FHA chief; HUD OIG announces two Ginnie audits; HUD to host webinar for reverse mortgage counselors; FHA extends temporary shutdown of loan review system; HUD updates civil monetary penalties; FHA closes multifamily housing loan; USDA updates lender requirements for OneRD guaranteed loan initiative; USDA opens SF loan program to non-citizens.

Amid growing calls among industry participants for a reduction in FHA mortgage insurance premiums, some experts believe FHA’s wait-and-see approach is the right way to go.

The plan highlights FHA activities aimed at maximizing homeownership for first-time homebuyers, among other actions.

The Department of Housing and Urban Development outlined certain essential functions that housing counseling agencies should focus on when creating a succession plan.

Owners of nursing homes in FHA’s Section 232 program faced financial and operational challenges stemming from the pandemic.

FHA, VA and USDA easing access to mortgage credit for borrowers with medical debt; Ginnie Mae appoints two new executives; FHA to hold vacant property sale exclusively for nonprofits and local and state government agencies.

The new initiative will provide pricing incentives to multifamily property owners who accept housing choice vouchers issued by the Department of Housing and Urban Development.

Ginnie Mae will play a crucial role in creating a more inclusive housing-finance system as part of HUD’s strategic plan.

Seeking to further advance the Biden’s administration housing agenda, the White House’s proposed budget allocation includes $11.6 billion more for HUD in fiscal year 2023.