News & Analysis as of

Fair Housing Act (FHA) Government-Guaranteed Loans

Bradley Arant Boult Cummings LLP

FHA Rule Reduces Barriers to Reverse Mortgages for Condominium Owners

After a nearly three-year delay, the U.S. Department of Housing and Urban Development (HUD) has finally released an update to its FHA condominium rules. The new rules, which take effect October 15, 2019, allow for FHA...more

Akin Gump Strauss Hauer & Feld LLP

Can New Federal Guidance Unlock the Residential PACE Market? We’re Almost There!

Under newly issued guidance, the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) will begin insuring mortgages on qualifying properties with PACE assessments....more

Baker Donelson

HUD Proposes Expanding Indebtedness Eligible for Refinancing with FHA-Insured Loans

Baker Donelson on

The U.S. Department of Housing and Urban Development (HUD) recently published proposed revisions to its Handbook covering its Healthcare Insurance Mortgage Program under Section 232 of the National Housing Act (the Section...more

Bradley Arant Boult Cummings LLP

Foreclosing on FHA-Insured Mortgage in Violation of HUD Regulations Could Constitute Breach of Contract

Eleventh Circuit Rules that Failure to Comply with HUD Regulations in Foreclosing on FHA-Insured Mortgage – Including the Requirement of Having a Face-to-Face Meeting With the Debtor – Can Constitute a Breach of Contract. ...more

Baker Donelson

When the Minimum is Not Enough: Eleventh Circuit Rules that Lenders May Require Borrowers to Obtain More than the Minimum Flood...

Baker Donelson on

The United States Court of Appeals for the Eleventh Circuit recently resolved a district court split regarding minimum flood insurance coverage by holding that a lender may require a borrower who has a federally-insured...more

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