M&T Bank’s mortgage-banking income declined in the first quarter because of a change in how it values mortgage servicing rights. The bank is optimistic its FHA subservicing business will see stronger returns in the second half of the year.

HUD Secretary Scott Turner said FHA plans to accept VantageScore 4.0 and FICO 10T scores, but didn’t provide a timeframe.

The Office of the Comptroller of the Currency entered into a consent order with Chicago-based Federal Savings Bank to settle allegations that the bank misled VA borrowers on refinance loans.

FHA reminds servicers of occupancy verification; Georgia’s Community Bankshares gets a slap on the wrist for USDA business; FDIC appoints FHA advisor; FHA spreads narrow.

FHA Commissioner Frank Cassidy has taken a leave of absence for the foreseeable future.

President Trump’s proposed budget for fiscal year 2027 would appropriate $160 million for FHA’s administrative expenses, level with the 2026 funding level.

The addition of the trial payment plan in FHA’s loss-mitigation waterfall appeared to have accounted for most of the recent jump in FHA severe delinquencies, according to research published by CRL.

The surviving spouse of a home equity conversion mortgage borrower sued the Department of Housing and Urban Development and PHH Mortgage over the foreclosure of the home she still occupied.

Lawmakers in the Senate introduced a version of a bill to expand mortgage lending by members of the Farm Credit System.

The Ninth Circuit ruled this week in favor of Academy Mortgage over a multiplier applied to the attorney’s fees awarded in a False Claims Act settlement involving FHA mortgages.