FHA

The Congressional Budget Office acknowledged limitations in its research of expected flood damage data.

United Wholesale Mortgage has introduced a product dubbed Govy125, a 125 basis points incentive on any note rate for VA IRRRLS and non-credit qualifying FHA streamlines.

A package of 19 Federal Housing Administration servicing documents and forms has been translated into five languages for those with limited English proficiency.

The Massachusetts House passed a bill that would ease the process for property owners looking to build accessory-dwelling units.

All lenders experiencing system breaches must report the incidents within 12 hours of detection, the administration announced.

The Federal Housing Administration also instituted a new language preference requirement that servicers must observe in transfers.

Federal Housing Administration-backed lending was the only mortgage type to grow in volume at the end of last year, but the pace of decline among originations overall also slowed.

The Federal Housing Administration removed housing finance firms from the list of permitted interested-party contributors in a new reverse-mortgage rule.

Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.

Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.