News & Analysis as of

Mortgage Lenders FHA Loans Federal Housing Administration (FHA)

Orrick, Herrington & Sutcliffe LLP

Fannie Mae releases notice on loan limit changes

On January 3, Fannie Mae updated its mortgage loan underwriting system, Desktop Underwriter (DU), to support changes made to FHA and VA loan limits. The update will take place during the weekend of January 20. ...more

Steptoe & Johnson PLLC

West Virginia Foreclosures in the Age of Corona

Steptoe & Johnson PLLC on

Economic turmoil brought on by the coronavirus pandemic has created much concern about a potential rise in residential foreclosures. On August 5, 2020, Governor Jim Justice followed his presentation on school reopening...more

Ballard Spahr LLP

FHFA, HUD, and VA Announce Extension of Foreclosure Moratoriums Through December 31

Ballard Spahr LLP on

On August 27, 2020, the Federal Housing Finance Agency (FHFA) announced the extension of the Fannie Mae and Freddie Mac moratorium on single-family foreclosures from August 31, 2020, to December 31, 2020. The moratorium on...more

Ballard Spahr LLP

FHA Loan Limits Increase for 2019

Ballard Spahr LLP on

The U.S. Department of Housing and Urban Development (HUD) recently announced in Mortgagee Letter 2018-11 a nearly 7% increase in the Federal Housing Administration (FHA) forward mortgage loan limits for 2019. ...more

Goodwin

DOJ Settles with Mortgage Lender for $13.2 Million Concerning FHA Mortgage Certifications

Goodwin on

On October 19, the Department of Justice (DOJ) announced that it settled allegations that a Florida-based mortgage lender violated the False Claims Act (FCA) ?by falsely certifying that it complied with Federal Housing...more

Baker Donelson

Will the DOJ Kill FHA Loans Through Their Use of the False Claims Act?

Baker Donelson on

The purpose of the Federal Housing Administration (FHA) is "to help creditworthy low income and first time homebuyers, individuals and families often denied traditional credit, to obtain a mortgage and purchase a home." This...more

Balch & Bingham LLP

New Class Action Complaint Alleges That Post-Payment Interest Charges for Certain Home Mortgages Are Invalid Because of...

Balch & Bingham LLP on

A class action filed last week in the Northern District of Georgia disputes the ability of a lender to charge post-payment interest for certain home mortgage loans when the lender has not provided a very specific disclosure...more

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