The FHFA noted that its OIG budget was nine times larger than the average across federal agencies. Critics say the cuts are intended to protect FHFA Director Bill Pulte and President Trump.

Participating financial institutions will now be able to sell manufactured-home and renovation loans through their FHLBank’s MPF Traditional program.

Fannie Mae and Freddie Mac will allow lenders to continue submitting UAD 2.6 appraisal reports through May 19, 2027.

Although tensions between the FHFA and its OIG are high, the IG team continues to crank out examinations and audits, including four released this week.

The agency confirmed that its policy related to disputed appraisals complies with 21st ROAD to Housing Act requirements.

loanDepot recently partnered with real estate brokerage HomeSmart, adding to the growing list of lenders trying to more closely connect home purchasing with home financing.

A study by the Mortgage Bankers Association found that lenders aren’t adopting AI as quickly as other financial services companies.

While AI is offering the mortgage industry many benefits, industry experts caution that it’s also posing new risks, including falsified documents, inaccurate credit decisions and potential disruptions to servicing records.

Some 82% of recent homebuyers said they would be swayed to work with a lender that offered the opportunity to close virtually, according to a report by ServiceLink.

Public-private partnerships are necessary to improve housing affordability, according to Fed Governor Michael Barr.