News & Analysis as of

Mortgage Servicers Federal Housing Administration (FHA) Financial Services Industry

Brownstein Hyatt Farber Schreck

FHFA Asks for Input on FHLBanks

In May 2024, the Federal Housing Finance Agency (FHFA) published a Request for Input (RFI) titled “Federal Home Loan Bank Core Mission Activities and Mission Achievement” with comments due to the FHFA on July 15, 2024. This...more

Mayer Brown

US FHA Introduces Payment Supplement Loss Mitigation Option

Mayer Brown on

In an effort to help struggling borrowers stay in their homes, the US Department of Housing and Urban Development’s (“HUD” or “Department”) Federal Housing Administration (“FHA”) recently introduced its newest loss mitigation...more

Ballard Spahr LLP

HUD Announces FHA Loan Payment Supplement Loss Mitigation Program

Ballard Spahr LLP on

The U.S. Department of Housing and Urban Development (HUD) recently announced a Payment Supplement loss mitigation program for Federal Housing Administration (FHA) insured Title 2 mortgage loans, the details of which are set...more

Orrick, Herrington & Sutcliffe LLP

FHA proposes updates to HECM program

On November 1, the Federal Housing Administration (FHA) proposed updates to FHA’s Home Equity Conversion Mortgage Program that are intended to address a number of servicing issues where existing program requirements have...more

Ballard Spahr LLP

Fannie Mae and Freddie Mac Announce the End to Purchases of Loans in a COVID-19 Forbearance

Ballard Spahr LLP on

As previously reported, subject to conditions, Fannie Mae and Freddie Mac will purchase loans in a COVID-19 forbearance if the eligible loans have note dates through August 31, 2020. One of the conditions is an additional...more

Womble Bond Dickinson

On Pause – Real Property: Navigating Limitations on Evictions and Foreclosures

Womble Bond Dickinson on

Across the country, the federal government along with state and local governments and courts are taking measures to limit evictions and foreclosures. Financial institutions, servicers, and landlords facing anticipated...more

Ballard Spahr LLP

Treasury Recommends Sweeping Industry Changes for Mortgage Lenders and Servicers

Ballard Spahr LLP on

As covered earlier this week in a legal alert, the U.S. Department of the Treasury issued a report recommending sweeping regulatory changes for consumer financial services. Within the report, the Treasury also recommended a...more

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