Whistleblowers bringing False Claims Act complaints against FHA lenders must provide material evidence of harm, an appeals court ruled.

The False Claims Act violations related to underwriting and quality control on FHA and VA loans, the Department of Justice said.

Department of Housing and Urban Development programs would be funded at much lower levels than those called for in President Biden’s budget proposal under a fiscal 2024 bill introduced in the House this week.

Lenders have new obligations to the FHA when they default on making home equity conversion mortgage disbursements, according to a policy finalized this week.

USDA deputy secretary confirmed; HUD seeks comments on burdens facing FHA lenders in maintaining eligibility; Ginnie Mae expands LMI disclosure initiative; and more.

Fix-and-flip properties accounted for a larger share of home sales in the first quarter than they did in late 2022. But low inventory may put the brakes back on.

The federal government’s new income-driven repayment plan, introduced after the Supreme Court decision, should drive prepayments higher to the benefit of seasoned deals, rating services said.

Ashford Hospitality Trust, a Dallas-based REIT, says handing back the keys on 19 hotels will cut the company’s debt by about $700 million, a reduction of more than 18%.

Ratings for securitizations of residential transition loans are in the works following the issuance of a handful of unrated deals.

The Federal Reserve says that lessons learned from the last round of quantitative tightening will allow the process to be faster this time.