The case revolved around a property in Brooklyn, NY, with a reverse mortgage dating back to February 2007 and whose owner died in February 2013. The borrower’s estate challenged the foreclosure, arguing that it was past the statute of limitations.

Texas judge allows “tortious interference with property rights” claim to proceed against Ginnie Mae, but dismisses arbitrary and capricious claim and promissory estoppel charges.

Congressional lawmakers next week are expected to take up legislation meant to finalize fiscal 2024 funding bills before the latest continuing resolutions lapse.

The court ruled that charging pay-to-pay fees from borrowers who made monthly mortgage payments over the phone violated the Texas Debt Collection Act.

Flagstar Bank met FHA’s face-to-face requirement when it left a door hanger at the home of a borrower prior to foreclosing on the property, a state Supreme Court ruled.

The success of the Section 203(k) program depends on reforms that would make it more accessible for borrowers and operationally feasible for lenders, according to the Mortgage Bankers Association.

The Community Home Lenders of America asked leaders of the congressional appropriations committees to fully fund FHA’s and Ginnie Mae’s fiscal 2024 budget requests for salaries and administrative expenses.

HUD’s proposed certification requirement for housing counselors in its tribal programs has come under criticism for its impact on cost and capacity.

The Department of Housing and Urban Development took actions against 65 FHA lenders last year for various program violations.

By targeting price cuts at low-FICO score and high-LTV borrowers, the new pricing grids of Fannie Mae and Freddie Mac could increase market overlap with FHA.