Removal activity had increased in each of the previous four quarters.

FHA’s COVID-19 loss-mitigation options will be rescinded and the Trump administration is taking a close look at the payment supplement program established during the Biden administration.

HECM endorsements declined by 8.6% on an annual basis in 2024.

Among a series of sports analogies, Scott Turner, a former player in the NFL, said that HUD and the mortgage industry would need to “huddle” to solve the housing affordability crisis.

“We’re consolidating divisions to focus on building more homes and strengthening safety and soundness,” said FHFA Director Bill Pulte.

Calls to HUD field offices redirected to a national hotline. A HUD spokesperson said there were no closures.

“Tariffs and labor concerns contribute to our forecasts for flat to declining housing starts and completions in 2025 relative to 2024,” Fitch said.

Correspondent production made up 46.1% of the group’s government-insured volume in the fourth quarter.

The lawsuit covers the Consumer Financial Protection Bureau and the Department of Housing and Urban Development, among other agencies.

The change applies to borrowers such as those with work visas.