HUD

The Federal Housing Administration and Ginnie Mae will use their lagging digital mortgage positions to their advantage as they put an emphasis on building their technology.

Secretary of Housing and Urban Development Ben Carson appeared not to recognize a commonly known real estate term during a congressional hearing on Tuesday.

Housing finance reform cannot be piecemeal, but must be done using a comprehensive approach, an independent mortgage banker says.

His administration is looking at different alternatives to reform the housing finance system.

New-home construction rose for a second month and topped estimates in April in a sign of positive momentum for the housing sector at the start of the second quarter.

Philadelphia officials have expanded a program that will give first-time homebuyers and other eligible city residents up to $10,000 when they purchase a home in the city.

The Government Accountability Office called on Ginnie Mae to undertake four reforms to its operations, citing concerns regarding the ongoing shift in size and capitalization of mortgage-backed securities issuers.

The industry welcomed a proposed overhaul of how the government identifies False Claims Act violations, but some say it remains to be seen if the changes are enough to satisfy companies that had bolted.

Two nonprofits threatened by the effort say the Department of Housing and Urban Development tried to avoid scrutiny last month when it announced the new policy outside the formal rulemaking process.

Sales of new homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs.