Whistleblowers bringing False Claims Act complaints against FHA lenders must provide material evidence of harm, an appeals court ruled.

The False Claims Act violations related to underwriting and quality control on FHA and VA loans, the Department of Justice said.

Department of Housing and Urban Development programs would be funded at much lower levels than those called for in President Biden’s budget proposal under a fiscal 2024 bill introduced in the House this week.

Lenders have new obligations to the FHA when they default on making home equity conversion mortgage disbursements, according to a policy finalized this week.

USDA deputy secretary confirmed; HUD seeks comments on burdens facing FHA lenders in maintaining eligibility; Ginnie Mae expands LMI disclosure initiative; and more.

Two former Movement employees triggered the investigation against the lender when they filed a whistleblower civil action in 2018.

The correspondent channel captured 49.1% of originations in the first quarter, up from a 47.3% share in the previous quarter.

HUD requires FHA servicers to conduct a “face-to-face” meeting or make a reasonable effort to do so before foreclosing.

The existing partial claim option isn’t effective because interest rates are so much higher now than when most FHA borrowers signed their present mortgage, analysts at the Urban Institute noted.

Loans originated by correspondents made up nearly half of first-quarter government-insured lending, a new analysis shows. (Includes data chart.)