An audit by the HUD IG found that FHA improperly paid partial claims but failed to ensure lenders reinstated the delinquent loans.

The Mortgage Bankers Association of America, however, disagrees with the findings.

Detroit-based FHA lender Quicken Loans said it has no intention of settling its False Claims Act case with the Department of Justice but is willing to participate in a mediation ordered by a federal district court judge.

HUD has agreed to delay its controversial downpayment assistance rule by 90 days in response to a lawsuit brought by a Utah-based tribal housing finance agency. 

The president/owner of a Massachusetts mortgage firm was sentenced to 32 months in prison for scamming Ginnie out of $2.5 million.

Investors can now enhance the liquidity of their Ginnie MBS, thanks to a new platinum product designed for HMBS.

The VA announced changes to its guidance regarding eligibility and entitlement, processing of loans and minimum property standards. 

Ginnie Mae has announced a platinum product for securities backed by Home Equity Conversion Mortgage loans. The new channel will allow investors to bundle multiple HMBS pools into one security.

Tribal downpayment assistance provider sues HUD over new rules restricting participation of Native American tribes and bands in DPA programs.