News & Analysis as of September 25, 2024

Mortgages › Mortgage Reform

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

UK Financial Conduct Authority Publishes Mortgage Charter Uptake Data

A&O Shearman on 6/19/2024

The Financial Conduct Authority has published a new webpage on Mortgage Charter Uptake data. The webpage sets out the latest uptake data from firms who have signed the Government's Mortgage Charter. The Charter was introduced...more

CFPB Issues Two Final Rules: A Change to the General Qualified Mortgage Rule and the Seasoned Qualified Mortgage Rule

Dechert LLP on 1/14/2021

The Consumer Financial Protection Bureau (“CFPB”) recently issued two final rules aimed at bolstering the Qualified Mortgage (“QMs”) market. The first final rule amends the general eligibility category of QMs (“General QMs”)...more

New HUD Requirements for Down Payment Assistance Provided by Government Entities

Ballard Spahr LLP on 4/22/2019

On April 18, 2019 the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2019-06 setting forth new documentation requirements for down payment assistance provided by government entities to be used...more

Window on Washington - Vol. 1, Issue 38

Clark Hill PLC on 12/12/2017

One Shutdown Averted, Countdown Begins Again: With the government funded through December 22, House and Senate leadership are shifting their focus on how to structure a long-term spending deal that would include an increase...more

FTC Settles First Mortgage Advertising Rule Enforcement Action

Ballard Spahr LLP on 7/12/2013

The Federal Trade Commission recently announced a settlement of its first enforcement action under its Mortgage Acts and Practices - Advertising Final Rule (MAPR)....more

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