Senate fails to move tax bill, which included changes to LIHTC; GSEs, FHA extend compliance deadline for ROV requirements; Treasury pushes FHLBanks on affordable housing; Morningstar concerned that market sell-off will become a self-fulfilling prophecy; loanDepot sets money aside for settlement related to a cyberattack.

With the presidential election around the corner, FHA Commissioner Julia Gordon said her goal is to ensure she leaves FHA stronger than she found it. A Republican-appointed FHA commissioner also voiced support for the agency at a recent event to celebrate FHA’s 90th anniversary.

The final rule has its roots in a pandemic-era temporary partial waiver of the face-to-face meeting requirement. That waiver will remain in place through the end of the year.

The Mortgage Bankers Association urged VA to extend the deadline for lenders to provide all full-file loan-level documentation through the agency’s new Loan Review application programming interface.

Under the proposed legislation, FHA would receive $155 million for administrative contract expenses for fiscal year 2025.

The last-resort Payment Supplement Account demonstration program will be in effect until July 24, 2026.

The National Association of Home Builders has asked its members to support a bill that would stop FHA and the U.S. Department of Agriculture’s Rural Housing Service from adopting the 2021 International Energy Efficiency Code.

VA releases WebLGY system enhancement for veteran-paid buyer-broker charges; HUD updates debenture interest rates for FHA loans; FHA extends foreclosure moratorium in Maui, HI; Finance of America conducts 1-for-10 reverse stock split; MBA asks HUD for six-month extension for implementing new reconsideration of value policies.

Additional litigation involving ABS could come from the bureau, according to Structured Finance Association CEO Michael Bright.

UBS is seeking at least $200 million from the bank for failing to pay legal fees for two lawsuits dating back to 2010.