Monica Hogan

Gift funds from family accounted for more than half of DPA used by FHA borrowers in FY 2024.

The agency had never published its method of identifying servicing defects before.

To this point, FHA hadn’t published its method of identifying servicing defects before, except in draft form.

The plaintiffs contended that the new standards act as a deterrent to new construction and are in direct conflict with the current energy codes in the majority of jurisdictions around the country.

Trade groups and consumer advocacy groups sent comments to FHA on a draft proposal from late November introducing a permanent loss-mitigation waterfall.

Rep. Derrick Van Orden, R-WI, said unelected VA officials shouldn’t have the authority to “write a $16 billion or $17 billion check” through creation of a loan-modification program.

HUD alleged PHH charged convenience fees in violation of FHA requirements.

More than 450 mortgage loans, many of them insured by FHA, were approved based on fabricated documents tied to the guilty plea.

Initial projections suggest MBS backed by collateral in areas affected by the California wildfires will largely be unscathed.

Turner looks likely to easily be confirmed to run HUD, based on his reception by the Senate Committee on Banking, Housing and Urban Affairs.