If HUD implements its proposed final disparate impact rule, exceeding its authority, it could be a challenged under the Administrative Procedure Act, according to an industry attorney.

FHA/VA loans in forbearance decreased by 30 basis points to 10.26% as of July 12.

Changes to FHA’s claims without conveyance of title procedures include updated appraisal requirements and enhanced discounts applied to appraised values.

MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%.

Borrowers in default or facing foreclosure should look out for fraudulent loan-modification schemes, the HUD Inspector General warned.

HUD Secretary Ben Carson is sticking to his stance that DACA recipients are not barred from FHA loans.

Meanwhile, delinquency rates are noticeably rising, according to Black Knight.

In a bid to make credit more accessible to minorities, HUD is considering alternative, non-traditional credit scoring methods.

Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.

HUD's internal watchdog found employees were able to quickly adapt to working from home and perform essential functions.