Hometown Lenders was ordered to cease and desist from accepting new FHA lending business related to residents or properties located in Washington State for violations of the state’s Consumer Loan Act.

FHA seeks comments on proposed updates to its defect taxonomy; FHA implements final rule which distinguishes between governmental institutions and government-sponsored enterprises.

FHA is taking comments through June 24 on a draft mortgagee letter.

The researchers reviewed DOJ settlements with 17 banks and bank affiliates between 2008 and 2017.

The volume of government purchase loans securitized into Ginnie Mae mortgage-backed securities grew in May for the third month in a row. Refi volume declined somewhat compared with April.

FHA is reviewing a proposal from the National Reverse Mortgage Lenders Association to cut the upfront mortgage insurance premium on home equity conversion mortgages.

FHA Commissioner Julia Gordon spoke recently with Wendy Penny, associate vice president of affordable housing initiatives at the Mortgage Bankers Association.

A new study has found no discernible effect in FHA loan underwriting following the wave of DOJ lawsuits post 2008 to crack down on reckless mortgage lending by banks.

The government home loan programs have different eligibility requirements for Native American borrowers based on geography and income levels.

VA issues circular on upcoming changes to its full file loan review submission process; FHA launches case binder module updates to its Catalyst system; FHA releases pre-recorded webinar for first-time homebuyers.