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Orrick, Herrington & Sutcliffe LLP | USA | 1 Mar 2022

HUD announces Nebraska and Iowa disaster relief

On February 24, HUD announced disaster assistance for certain areas in Nebraska and Iowa impacted by severe storms, straight-line winds, and tornadoes…
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Orrick, Herrington & Sutcliffe LLP | USA | 3 Dec 2021

HUD issues 2022 mortgage and HECM limits

On November 30, HUD issued Mortgagee Letter 2021-28, which provides the 2022 nationwide forward mortgage limits. According to HUD, FHA calculates…
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Orrick, Herrington & Sutcliffe LLP | United Kingdom, USA | 7 Oct 2021

HUD and fed consider transition from LIBOR

On October 5, HUD issued an advanced notice of proposed rulemaking (ANPRM) seeking comments regarding the transition from the London Interbank…
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Orrick, Herrington & Sutcliffe LLP | USA | 27 Sep 2021

HUD issues mortgagee letter on Covid-19 forbearance

On September 27, HUD issued Mortgagee Letter 2021-24, which extends and adds Covid-19 relief options for borrowers who are struggling with mortgage…
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Orrick, Herrington & Sutcliffe LLP | USA | 24 Sep 2021

HUD and FHFA clarify Freddie Mac policies on purchasing group-home mortgages

On September 22, HUD and FHFA announced policy clarifications concerning Freddie Mac’s purchase of mortgages secured by property owned by an…
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Duane Morris LLP | USA | 28 Aug 2020

COVID-19: FHA Extends Eviction and Foreclosure Moratorium for Homeowners through 12-31-2020

Per HUD, earlier today, on August 28, 2020, the Federal Housing Administration (FHA) announced the 3rd extension of its foreclosure and eviction…
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Orrick, Herrington & Sutcliffe LLP | USA | 31 Jul 2020

HUD issues mortgagee letter extending interim procedures relating to FHA Section 232 approved mortgages

On July 31, 2020, the U.S. Department of Housing and Urban Development issued Mortgagee Letter 2020-25, which extends interim procedures regarding…
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Hogan Lovells | USA | 23 Jan 2020

FCA enforcement in the financial services sector

HUD Solidifying Agenda to Drastically Dial Back FCA Enforcement in the FHA Residential Mortgage Lending Space. After two years of signaling that great…
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Cadwalader Wickersham & Taft LLP | USA | 6 Dec 2019

House Committee on Financial Services Considers Proposed FHA Legislation

The House Committee on Financial Services considered testimony from Federal Housing Administration ("FHA") Commissioner and Assistant Secretary for…
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Hogan Lovells | USA | 5 Nov 2019

HUD and DOJ signal easing of FCA enforcement in FHA residential mortgage lending through interagency memorandum

On October 28, 2019 the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Justice (DOJ) released a Memorandum of…
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