U.S. Department of Housing and Urban Development (HUD)

Lender accused of not following guidelines for originating, underwriting some FHA, VA loans.

Permits, completions also rise as market enters 'prime season'

HUD Inspector General finds that 2/3rds of borrowers did not receive loss-mitigation assistance.

Accuses them of tricking people of Caribbean heritage to forfeit title to their homes.

Legal expert questions whether agency has authority to implement the program.

Sales of new single-family homes rose 4.1% in April from March, and are up nearly 12% YOY.