The lawsuit challenges HUD’s refusal to award funding that Congress set aside for housing counseling nationwide, which is necessary for the origination of home equity conversion mortgages.
Industry trade groups want government mortgage programs to align their reconsideration of value processes with those of the government-sponsored enterprises.
The U.S. District Court for the Northern District of California issued an administrative stay that will stall the U.S. Department of Agriculture’s intended relocation of some Rural Housing Service staff for at least another week.
Ginnie Mae has issued a flurry of program updates over the past few months, making public the work that was going on behind the scenes during a quieter period last year.
The Government Accountability Office recommended that Congress require lenders of government-backed mortgages to provide flood insurance quotes before closing.
Matt Jones, the Trump administration’s nominee for commissioner of FHA, plans to continue to work to reduce mortgage costs and housing costs if confirmed for the position.