Calls to HUD field offices redirected to a national hotline. A HUD spokesperson said there were no closures.

The program, developed by the Biden administration, purchases delinquent VA loans from servicers to help veterans avoid foreclosure.

The elimination of eligibility of non-permanent U.S. residents for FHA loans could leave FHA lenders liable for mistakes made when certifying a borrower’s residency status.

Previously-fired probationary employees at HUD are stuck in an administrative leave purgatory awaiting a court decision, while rumors continue to circulate of field-office closures.

FHA should limit borrowers to qualify for one permanent home-retention option every 18 months to cut costs to its insurance fund and help borrowers maintain equity, MBA and others said in a letter to HUD.

The website streamlining effort included a roughly 90% reduction in content, leaving broken links in its wake.

Court rules in favor of Ginnie in Texas Capital Bank lawsuit; Rate waives “unnecessary fees” for VA loans; FHA waives reviews of EPD in disaster area; HUD revokes lender’s DE authority in New Orleans.

"This change is necessary because VA is not set up or intended to be a mortgage loan restructuring service," said a VA spokesperson.

Hispanics accounted for 35% of U.S. homeownership growth last year, the largest share of any racial or ethnic group, according to a new report from the National Association of Hispanic Real Estate Professionals.

Many potential homebuyers remain unaware that a mortgage can be obtained without providing a 20% downpayment.