FHA may have sold ineligible delinquent loans to private investors in fiscal 2016 due to misclassification, according to a recent GAO report.

HUD is asking stakeholders to comment on proposed changes to FHA’s annual lender certification.

HUD will publish a proposed rule that will raise the bar for disparate-impact complaints.

HUD and Ginnie Mae, in a joint policy action, announced changes to the eligibility criteria for cash-out refis to reduce lender risk, preserve homeowner equity and boost investor confidence.

Industry participants have mixed views on how letting the QM patch expire as scheduled under the ability-to-repay/qualified mortgage rule would affect FHA business overall.

Legislation has been introduced in the House and Senate to help prevent FHA foreclosures by increasing oversight of mortgage servicers to ensure they are complying with loss-mitigation requirements.

Trade groups are urging HUD to revise policies related to distressed asset sales as the FHA moves to make its Loan Sale Program permanent.

Despite FHA’s efforts to improve processes, the GAO said it still takes unnecessarily long for servicers to transfer foreclosed properties.

VA has directed lenders not to advise veterans to close a loan without first verifying their exemption from paying the VA funding fee.