A Wells spokesman would not provide specifics on the mortgage layoffs...

Black and Latino households are disproportionately denied mortgages both within and outside neighborhoods of color, Urban Institute researchers have determined.

Trade group President Taylor Stork said the reasoning behind the price increases have been shrouded in secrecy...

Affordable housing and minority lender groups want Treasury’s CDFI Fund to solidify its new Minority Lending Institution designation.

The rule, which takes effect Dec. 21, differs somewhat from those that apply to other federally backed mortgages. 

Industry stakeholders once again called for cuts to FHA’s mortgage insurance premium last week after the agency announced a record high capital ratio for its Mutual Mortgage Insurance Fund. (Includes data chart.)

New loss-mitigation techniques helped reduce the FHA serious delinquency rate to 4.77% by the end of fiscal 2022, according to the Mutual Mortgage Insurance Fund report released last week. 

All 10 of the top management challenges facing the Department of Housing and Urban Development last year, including mitigating counterparty risk to mortgage programs, remain, the HUD Inspector General reported last week. 

Leaving the choice of index to the noteholder could lead to volatile payment amounts and default for the borrower as well as problems for FHA’s Mutual Mortgage Insurance Fund, the group says. 

FHA moves away from the Catalyst Electronic Appraisal Delivery module; the Mortgage Bankers Association asks the Senate Finance Committee to make the mortgage insurance premium tax deduction permanent; and more.