Removing the capital gains tax on home sales wouldn’t necessarily be an effective method of increasing housing supply, and effects on the mortgage market would be limited, according to industry analysts.

A district court ordered HUD to develop a plan to disburse Fair Housing Initiatives Program grants before the funding lapses on Sept. 30.

The Indiana-based bank reported a sharp drop in net income in the second quarter tied to multifamily mortgages involved in suspected fraud.

While FHFA Director Bill Pulte had announced that the GSEs would “immediately” begin accepting VantageScore 4.0, FHFA acknowledged this week that implementation will take some time.

It took the VA seven months to implement its COVID-era partial claims program. A similar timeline can be expected for the new program recently approved by Congress.

Executives at mortgage companies anticipate originations will pick up as soon as interest rates on mortgages decline. However, the MBA’s projections suggest little movement in rates for the rest of this year.

Wells Fargo has been accused of charging borrowers improper mortgage fees during the origination process, while loanDepot is alleged to have violated the Truth in Lending Act’s loan originator compensation rule.

The Department of Housing and Urban Development said increased costs would be offset by future savings, but the Mortgage Bankers Association says the numbers are flawed.

A new bill seeks to require FHFA to create a public database of information on all mortgage appraisals. The proposal comes as the Trump administration disbanded the Biden-era task force created to address appraisal bias.

Urban Institute reviewed varying estimates of the national housing shortage and suggested policy solutions to address the shortfall.