The tax credit would cover the difference between the cost of rehabilitation and the price the property fetches in a sale to a buyer with an income well below the area median.

PennyMac was the top correspondent lender of government mortgages in 1Q25.

FHA also lowered restrictions on building in areas with flood risk.

Table-funding giant UWM led the pack, originating $7.06 billion of VA loans in 1Q25, giving it a market share of 16.0%.

Refi activity in the VA market cooled during the first quarter of 2025 and purchase-mortgage volume was also down. (Includes two data tables.)

The volume of government-insured loans originated through the correspondent channel increased 10.6% on a quarterly basis in the first quarter, while retail and broker originations shrank. (Includes data table.)

Servicers may be required to overspend in auctions under HUD’s claims without conveyance of title program, according to the Mortgage Bankers Association.

HUD Secretary Scott Turner promised continued deregulatory efforts at the agency.

The Rural Housing Service expressed interest in contracting out the servicing of its direct loan portfolio.

HUD plans to level upfront and annual mortgage insurance premiums across FHA multifamily programs.