FHA plans to take a multiprong approach to expanding homeownership among underserved communities as a way to address the racial wealth gap.

In an effort to reinforce its commitment against racial bias in home valuations, FHA updated its general appraiser requirements. An interagency task force discussed the issue this week.

Spouses and children of Black World War II veterans who were shut out of the VA home loan program would be eligible under new legislation introduced this month.

Veterans United Home Loans offered to pay off the mortgage of 11 borrowers as part of a Veterans Day promotion.

House passes Build Back Better bill; lenders can send electronic submissions of multifamily mortgage applications in the FHA Catalyst; HUD will sell multiple pools of vacant properties from FHA’s reverse mortgage program; FHA announces job openings; the USDA appoints new administrator to the RHS.

First-time homebuyers seeking loans backed by FHA, VA or the Rural Housing Service are among those eligible for the DPA program under the Build Back Better Act.

FHA is seeking feedback on a proposed section on servicing reviews within its defect taxonomy guidelines.

Beginning Dec. 1, VA is increasing the appraisal fees of residential mortgages in its loan guarantee program in response to unprecedented demand for appraisal services.

The spending bill would direct $300 million for HUD information technology systems, including those that support FHA mortgage insurance programs and grant programs.

The mortgage industry is applauding the passage of a False Claims Act amendment that would address language in a previous version that could have led to unintended consequences for FHA and VA lenders.