The draft mortgagee letter outlines guidance on a federal flood risk management standard related to minimum property requirements for newly built residential structures in special flood hazard areas.

Congress passes continuing resolution to fund the federal government and the National Flood Insurance Program; Sen. Tim Scott introduces Renewing Opportunity in the American Dream to Housing Act; trade groups ask FHA to extend waiver on policy updates related to in-person meeting requirement with borrowers in default; the Department of Justice has announced a $2.4 million settlement with shuttered FHA HECM lender.

While the regulator’s reverse redlining allegations against a defendant were dismissed, a Texas court offered the bureau the option to amend its complaint.

With Diana Reid taking charge as CEO of Freddie Mac, women now run four of the most important agencies in housing finance.

The Renewing Opportunity in the American Dream to Housing Act seeks to improve housing counseling and financial literacy programs.

FHA Commissioner Julia Gordon spoke Tuesday at an online housing counseling conference hosted by the Department of Housing and Urban Development’s Office of Housing Counseling.

Refinance activity drove much of the increase in Ginnie MBS issuance between July and August. Freedom Mortgage remained the top Ginnie issuer, but its production was down 1.9% from July. (Includes two data tables.)

FHA Commissioner Julia Gordon is seeking more federal funding to address ongoing challenges in housing supply and affordability.

Better Mortgage launched the product as part of an effort by the lender to expand its government-insured mortgage originations.

FHA recently posted a draft mortgagee letter proposing revisions related to how it will handle partial claim document recording and payoff statements.