The Department of Housing and Urban Development has cut the height to which builders are required to raise a bottom floor above the 100-year flood level, saving money for builders, but likely not building owners.

Industry participants responded positively to the Department of Housing and Urban Development’s proposal to set the FHA mortgage insurance premiums to 0.25% for all multifamily loans.

HomeStreet sells Ginnie servicing; VA updates county list for insect inspections; FHA updates XML submission format.

Millions of student loan borrowers are expected to default in the coming months, but the effects could be isolated.

It took the VA seven months to implement its COVID-era partial claims program. A similar timeline can be expected for the new program recently approved by Congress.

The Department of Housing and Urban Development said increased costs would be offset by future savings, but the Mortgage Bankers Association says the numbers are flawed.

Among other differences, Congress doesn’t appear to be budgeting for a reduction in force at HUD.

The Mortgage Bankers Association’s purchase index is a poor indicator of the health of the housing market this year, primarily because government loan applications were significantly down this time last year, according to Goldman Sachs analysts.

A U.S. appeals court ruled that a borrower is not entitled to a refund of prepaid private mortgage insurance if voluntarily canceled before the statutory termination.

Consumers are suing loanDepot over allegations it used illegal compensation structures to encourage LOs to push higher interest-rate loans.