The Department of Housing and Urban Development’s servicer missed the mark on most of the FHA partial claims sampled by HUD’s Office of Inspector General.

HUD plans to consolidate Kansas offices; USDA seeks to expand multifamily direct lending; MISMO releases data mapping for VA forms.

Freedom Mortgage accused its former senior vice president of product management of developing a competing loan origination system while he was on Freedom’s payroll.

The Urban Institute has recommended the government-sponsored enterprises spearhead an effort to make condo lending and construction less risky.

President Trump said he will not sign the 21st Century ROAD to Housing Act until Congress passes the election bill.

FHA is aiming its deregulatory efforts at barriers that make its programs less attractive to lenders.

Matt Jones, FHA single-family housing deputy assistant secretary, indicated the agency believed the rescissions would make the FHA program more accessible to a wide range of lenders.

Mutual of Omaha Mortgage and Finance of America Mortgage, the top two lenders in the sector, lost some market share in the first quarter.

A lack of internal candidates has clouded the replacement process for former FHA Commissioner Frank Cassidy.

Guild Mortgage Company and Movement Mortgage both saw successful first quarters in home equity conversion mortgage lending that led them to gain market share from other top HECM lenders. (Includes three data tables.)