A downpayment assistance bill, which is still just a “discussion draft,” has the potential to provide $20,000 to first-generation homebuyers.

Equity in their homes isn’t enough to prevent many borrowers from losing their house to foreclosure, according to the CRL.

Reverse mortgage production declined 8.1% in the fourth quarter. However, endorsements spiked 54.5% year over year. (Includes two data charts.)

A test file of the enhanced disclosure will be made available to investors in mid-April 2021.

Brian Montgomery, former HUD deputy secretary, urged the Biden administration to focus on issues such as forbearance. A pandemic is not the time for “heavy-handed enforcement,” he said.

Two bills introduced in the House this week have the potential of increasing a homebuyer’s access to an FHA-insured mortgage.

During her confirmation hearing, the Ohio congresswomen faced strong criticism for her lack of experience in housing policy and past comments about Republicans.

JPMorgan Chase Bank has agreed to pay $50,000 to resolve charges that it low-balled the value of a property because of the race of the borrower.

Mat Ishbia, CEO of UWM, said the wholesaler consulted internal and external counsel before making the decision and that there are no concerns. However, industry insiders think otherwise.

One of the objectives of the REO program is to strengthen neighborhoods and communities through alternative sales programs. However, the FHA “lacks metrics and targets” to successfully do so, the Government Accountability Office said in a recent report.