The agency will allow the GSEs to boost LIHTC investment by $350 million each and expand the sale of REO properties to owner-occupants and nonprofits.

Sandra Thompson and Marcia Fudge combine forces to monitor GSE compliance with the Fair Housing Act.

Industry consultants are cautioning companies to take steps to ensure their fair housing compliance teams are ready to defend an expected uptick in enforcement actions.

In particular, one clause could rankle mortgage industry participants: HUD also agreed to notify FHFA of any Fair Housing Act complaints related to counterparties of Fannie and Freddie.

Julia Gordon, the nominee for FHA commissioner, faced questions over past social media posts from Republicans and housing policy from Democrats at a hearing before the Senate Banking Committee.

FHFA and other federal financial regulators are still grappling with issues like whether the definitions of QMs and QRMs should remain identical.

The Appropriations Committee is expected to vote today on HUD's FY 2022 budget.

Plagued with years of failed technology modernization initiatives, HUD is turning things around with an IT modernization roadmap deemed a success thus far by HUD's Inspector General.

Outstanding issues include Ginnie Mae's staffing-related challenges and the need to improve IT management.