President Biden has nominated Julia Gordon to be the next FHA commissioner. Also, the White House has picked CFPB Acting Director Dave Ueijo as assistant secretary for fair housing.

If the Obama-era rule is reinstated, a six-year-old lawsuit filed by the National Association of Mutual Insurance Companies could be revived.

Meanwhile, government agencies have plans to expand loss-mitigation options to ensure that borrowers coming out of forbearance don’t lose their homes.

Survey respondents said only 13% of sellers would “definitely” be likely to accept an offer from a buyer using an FHA or VA loan, compared to 66% for conventional loans.

The upshot: The DOJ can proceed with its lawsuit against Nutter Home Loans for faulty underwriting.

Self-employment and rental income policies extended until Sept. 30.

Also, there will be no restrictions on loan size...

After months of rumors, Julia Gordon was tapped to lead FHA...

Technology is here to stay and is going to continue to cost lenders a bundle. Get used to it.

Fitch says payment relief and government assistance have been the main drivers for recovery in the ABS market.