News & Analysis as of

Department of Housing and Urban Development Regulatory Reform

Orrick, Herrington & Sutcliffe LLP

Nineteen attorneys general challenge HUD’s fair housing rule change

On May 2, a coalition of nineteen attorneys general submitted a letter to HUD opposing its interim final rule (IFR) which would revise the agency’s duty to affirmatively further fair housing. The coalition, led by attorneys...more

Ballard Spahr LLP

HUD Modifies Exclusive REO Listing Period and Eliminates Exclusive Sales Period

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Recently, the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2025-13 to revise the exclusive listing period for certain parties in connection with HUD real estate owned (REO) properties, and...more

Bradley Arant Boult Cummings LLP

Updates to the Updates of FHA’s Servicing, Loss Mitigation, and Claims Processes

At the tail end of the Biden administration, the Federal Housing Administration (FHA) published Mortgagee Letter 2025-06, which was tilted Updates to Servicing, Loss Mitigation, and Claims. The 251-page mortgagee letter...more

Troutman Pepper Locke

FHFA Director Pulte Terminates Mortgage-Related Special Purpose Credit Programs for GSEs

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In a significant policy shift under the Trump administration, the new Federal Housing Finance Agency (FHFA) Director Bill Pulte issued an order on March 25, 2025 terminating special purpose credit programs (SPCPs) supported...more

Orrick, Herrington & Sutcliffe LLP

FHA rescinds three appraisal policies in new mortgagee letter

On March 19, the FHA rescinded three mortgagee letters related to appraisal policies in its Single Family Housing programs through Mortgagee Letter 2025-08. The letter rescinds FHA Single Family Housing policy changes issued...more

Cadwalader, Wickersham & Taft LLP

Financial Services and the Biden Artificial Intelligence Executive Order

On October 30, 2023, the White House announced that President Biden had issued an Executive Order regarding artificial intelligence (“AI”). The Executive Order was accompanied by a Fact Sheet summarizing the eight policy...more

Burr & Forman

HUD Clarifies Standard Applicable to “Discriminatory Effects” Claims Under Fair Housing Act

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Under the Fair Housing Act, it is unlawful for a seller, lessor, or financier of housing to discriminate based on race, color, religion, sex (including sexual orientation and gender identity), disability, familial status, or...more

Ballard Spahr LLP

HUD Announces Suspension of Effective Date for New Down Payment Assistance Requirements

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As previously reported, recently a US District Court granted a preliminary injunction preventing the US Department of Housing and Urban Development (HUD) from implementing new requirements for government-provided down payment...more

Ballard Spahr LLP

HUD to Revise Affirmatively Furthering Fair Housing Rule

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This week, HUD announced that it intends to amend its 2015 regulations on affirmatively furthering fair housing, or AFFH. HUD is giving the public 60 days from publication of its advance notice of proposed rulemaking to...more

Ballard Spahr LLP

HUD starts the rollback of affirmatively furthering fair housing?

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Last week, HUD issued a notice extending until after October 31, 2020, the deadline for cities and other participating jurisdictions to submit assessments of fair housing (AFH), the new reporting and assessment tool required...more

Ballard Spahr LLP

Ballard submits comments on HUD’s regulatory reform agenda

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Ballard Spahr submitted comments in response to HUD’s request for assistance in identifying existing regulations that may be outdated, ineffective, or excessively burdensome. ...more

Ballard Spahr LLP

HUD Regulatory Reform

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The new HUD administration has been pretty quiet on the regulatory front, with only a handful of regulations and notices issued since January. That may change soon. HUD is hard at work identifying regulatory changes that...more

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