HUD

PHH Corp. will pay the Justice Department $75 million to settle a False Claims Act investigation of its underwriting practices on government-insured mortgages and loans sold to Fannie Mae and Freddie Mac.

The year opened with hopes that regulatory and enforcement pressures would abate for the mortgage industry. The reality has turned out quite differently.

Among the budget cuts proposed by the Trump administration is $6 billion to the Department of Housing and Urban Development, which could translate to the loss of Section 8 housing to 1,400 families statewide, about half of them in Albuquerque.

The U.S. population is aging, and one of the well-established components of the American dream — buying and owning a home — appears poised to aid in the baby boomers' next phase of life.

A former California mortgage lender agreed to pay $4.2 million to settle civil fraud allegations that its lending practices in the Southeast caused taxpayers to lose millions of dollars when homeowners defaulted on their loans after the Great Recession.

The House Appropriations Committee approved a HUD funding bill Monday that would prohibit the FHA from insuring properties with a Property Assessed Clean Energy loan in a first-lien position.

The Department of Housing and Urban Development is implementing reforms to its reverse mortgage program and providing more counseling resources for seniors who are considering the product, Secretary Ben Carson said Monday.

The Department of Housing and Urban Development's Mortgagee Review Board has suspended Seckel Capital from originating and underwriting FHA-insured mortgages.

The Trump administration's Justice Department was expected to be less aggressive in its pursuit of False Claims Act cases against the mortgage industry. Instead, its focus has shifted to Federal Housing Administration-insured reverse mortgages.

Traditional partnerships with lenders have been eroded by compliance strains and new incentives to control more of the homebuying transaction.

While home prices have increased sharply in expensive coastal cities, plenty of urban centers are lagging behind.

From the Trump administration's initial efforts at reg relief and GSE reform to dramatic shifts in the servicing landscape, here's a look back at the top stories shaping the mortgage industry during the first half of 2017.

Louisiana landlords with rental houses walloped by 2005's Hurricanes Katrina and Rita were eventually promised state help to rebuild: If they could get loans to rehab their properties, the state government would later reimburse them.

While HUD has released money this year, the Trump administration has called for defunding the program as part of its proposed budget.

The Senate Banking Committee voted Wednesday to approve the nomination of Pam Patenaude to be the deputy secretary of HUD.

The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership.

East Chicago, Ind., residents again are pushing for more oversight in the cleanup efforts at the U.S.S. Lead Superfund site, as plans are being circulated on the demolition of the West Calumet Housing Complex.

President Trump's nominee to be the No. 2 at the Department of Housing and Urban Development faced tough questions on a proposed $6 billion cut to the department's budget.

The Federal Housing Administration's gateway to homeownership could be widened if the Trump administration takes actions to reduce mortgage insurance premiums and clarify lender penalties under the False Claims Act.

President Trump has nominated Paul Compton, an Alabama attorney with affordable housing experience, to serve as general counsel for HUD.