The U.S. Court of Appeals for the Federal Circuit affirmed a lower court decision denying a breach of contract claim against the Department of Housing and Urban Development.

FHA released a draft mortgagee letter this week proposing new nonjudicial foreclosure processes for mortgage liens held by the secretary of the Department of Housing and Urban Development.

The changes include higher loan limits for the 203(k) loans as well as higher fees for FHA-approved consultants.

FHA releases draft guidance on employment requirements for direct endorsement underwriters; OIG outlines top HUD management challenges; MISMO plans reverse mortgage data standards; and HUD announces latest appointments to Housing Counseling Federal Advisory Board.

A Black borrower alleged that Rocket Mortgage canceled her refinance application after she repeatedly requested that her home appraisal be revised because it was discriminatory.

Government agencies, philanthropic organizations and the housing finance community must work together to create funding sources for home repair programs to help sustain affordable homeownership, according to the Joint Center for Housing Studies at Harvard University.

Following pushback from mortgage industry groups, FHA proposed extending the timeline for lenders to report certain cyber incidents to HUD.

The Mortgage Bankers Association said the HUD proposal would make FHA-backed multifamily construction loans costly to originate.

HUD announces planned updates to its handbook for the management of multifamily affordable homes; VA announces revised release date for its Loan Guaranty Service Program Participant Management System; Ginnie introduces new monthly disclosure on rural loans in MBS.

FHA lenders said the proposed rule would raise the cost of multifamily construction lending.