FHA should limit borrowers to qualify for one permanent home-retention option every 18 months to cut costs to its insurance fund and help borrowers maintain equity, MBA and others said in a letter to HUD.

The website streamlining effort included a roughly 90% reduction in content, leaving broken links in its wake.

Court rules in favor of Ginnie in Texas Capital Bank lawsuit; Rate waives “unnecessary fees” for VA loans; FHA waives reviews of EPD in disaster area; HUD revokes lender’s DE authority in New Orleans.

The quality control processes of two FHA lenders affected review sample sizes, risk evaluations and reviews of loans that experience early payment defaults.

FHA lending looks to be continuing uninterrupted amid recent staff cuts at HUD, though there are concerns about operations and oversight going forward.

In the fourth quarter of 2024, correspondent aggregators regained FHA/VA market share previously lost to wholesale-brokers.

FHA walked back appraisal policies introduced during the Biden administration that had aimed to counter the effects of discrimination in property valuations.

The bill would authorize the VA to implement a partial claim program similar to FHA’s program, essentially replacing VASP.

The HUD Office of Inspector General said Carrington and MidFirst improperly set FHA foreclosures in motion for borrowers who were still under review, and ultimately qualified for loss-mitigation options, placing unnecessary hardship on the borrowers and creating risks for HUD.

Continuing resolution holds funding for HUD at FY 2024 levels; Rural Development retracts authority for noncitizens to apply for single-family guaranteed loans; VA Loan Guaranty Service posts FAQs.