The Treasury Department announced $100 million in affordable housing funding, while HUD named recipients of its Pathways to Removing Obstacles to Housing grant competition.

The final rule on the use of automated valuation models in mortgage lending includes a standard that seeks to ensure compliance with nondiscrimination laws.

VA said lenders cannot include the buyer-broker compensation in the loan amount but must consider it in determining whether the borrower has sufficient liquid assets to close the loan.

FHA Commissioner Julia Gordon said from a budgetary modeling standpoint, it would be expensive to cancel insurance premiums while FHA is still insuring the loan.

H.R. 8647 would establish a partial claim program, which would bring the VA program on par with FHA, Fannie Mae and Freddie Mac.

Comments are due Aug. 20 on a VA proposal to revise rules that apply to adjustable-rate mortgages.

A class-action request against Navy Federal was denied. The plaintiffs in the racial discrimination suit must file an amended complaint.

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.

Analysts are not “raising alarm bells” yet despite increasing delinquency rates in the non-QM mortgage-backed securities sector.