Officials from the government agencies last week discussed plans to boost nonbank liquidity to ensure the entities can survive the next housing crisis.

The Mortgage Bankers Association warned that the proposed changes would expose servicers to new operational and regulatory risks.

The U.S. Court of Appeals for the Federal Circuit affirmed a lower court decision denying a breach of contract claim against the Department of Housing and Urban Development.

FHA released a draft mortgagee letter this week proposing new nonjudicial foreclosure processes for mortgage liens held by the secretary of the Department of Housing and Urban Development.

The company previously launched an automated underwriting tool for government-sponsored enterprise mortgages, and is now considering one for VA loans.

The changes include higher loan limits for the 203(k) loans as well as higher fees for FHA-approved consultants.

FHA releases draft guidance on employment requirements for direct endorsement underwriters; OIG outlines top HUD management challenges; MISMO plans reverse mortgage data standards; and HUD announces latest appointments to Housing Counseling Federal Advisory Board.

At a conference on regulatory compliance and risk management this week, industry executives and government officials reiterated the importance of collaborating on policy to adapt to changes in the housing market.

Housing counseling agencies should increase training on home equity conversion mortgages to accommodate the rise in older Americans who want to age in place, according to FHA Commissioner Julia Gordon.

In July, FHA proposed a new rule governing the sale of seriously delinquent single-family home loans when they’re no longer insured by the agency.