One of the mortgagee letters that established the policies in 2022 required that HUD document all CWCOT property sales, but the HUD OIG said it didn’t keep records verifying buyers, such as the statements owner-occupants must sign verifying they intend to use the home as a principal residence.

The subservicer is working to improve services for nonprime borrowers, by expanding payment options and availability of virtual agents.

Mortgage rates inched higher this week after the U.S. and Israel carried out attacks in Iran, sparking fears of higher energy costs.

The Supreme Court struck down some of President Trump’s sweeping tariffs, but duties remain on raw building materials.

Eligibility for partial claims would be backdated to the sunset of the VA servicing purchase program, on May 1, 2025.

Refi guarantees in the Department of Veterans Affairs’ home loan program more than doubled during the fourth quarter.

Retirements and a lack of new hires led staffing levels to shrink in the third quarter of 2025.

VA refinance activity more than doubled in the fourth quarter and FHA refi volume was up 55%. United Wholesale Mortgage was the top lender in both government loan programs. (Includes three data tables.)

Heads of government mortgage programs discussed current and future initiatives last week at the Mortgage Bankers Association’s servicing summit.

Enhancing exclusive listing periods of foreclosed properties for owner-occupants might have had an effect on increasing the supply of affordable homes for homebuyers despite caveats, according to the Department of Housing and Urban Development’s Office of Inspector General.