Chairs of the Senate Veterans Affairs Committee and the Senate Committee on Banking, Housing and Urban Affairs lose re-election bids; HUD announces sale of residential loans on non-vacant properties; FHA issues standards for flood risk management tied to minimum property standards; FHA appraisal data added to Uniform Appraisal Dataset.

FHFA and CFPB insiders expect the new administration to make quick changes in agency leadership, a process made easier by Republicans gaining control of the Senate.

HUD’s acting secretary said many younger Americans don’t believe they will have the same housing opportunities as their parents.

HUD Secretary Adrianne Todman rallied lenders at the Mortgage Bankers Association's annual convention.

The Mortgage Bankers Association warned that the proposed changes would expose servicers to new operational and regulatory risks.

The U.S. Court of Appeals for the Federal Circuit affirmed a lower court decision denying a breach of contract claim against the Department of Housing and Urban Development.

FHA released a draft mortgagee letter this week proposing new nonjudicial foreclosure processes for mortgage liens held by the secretary of the Department of Housing and Urban Development.

The changes include higher loan limits for the 203(k) loans as well as higher fees for FHA-approved consultants.

FHA releases draft guidance on employment requirements for direct endorsement underwriters; OIG outlines top HUD management challenges; MISMO plans reverse mortgage data standards; and HUD announces latest appointments to Housing Counseling Federal Advisory Board.

A Black borrower alleged that Rocket Mortgage canceled her refinance application after she repeatedly requested that her home appraisal be revised because it was discriminatory.