News & Analysis as of October 31, 2024

Federal Housing Administration (FHA)

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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 +

Maybe Not Practical After All: HUD Proposes Revised Cyber Incident Reporting Requirement for FHA-Approved Mortgagees

Wyrick Robbins Yates & Ponton LLP on 10/10/2024

As we discussed in a recent post, earlier this year the U.S. Department of Housing and Urban Development (“HUD”) issued Mortgagee Letter 2024-10, which imposed a new requirement on all FHA-approved mortgagees to report...more

HUD Issues New Heightened Cybersecurity Incident Notice Requirements: 5 Things to Know

Orrick, Herrington & Sutcliffe LLP on 6/19/2024

The U.S. Department of Housing and Urban Development (HUD) has issued new heightened cybersecurity incident notice requirements that take effect immediately. FHA-approved mortgagees are now required to notify HUD of any...more

FHA proposes to change lender and mortgagee requirements, clarify GSE definition

Orrick, Herrington & Sutcliffe LLP on 7/24/2023

On July 18, FHA announced a proposed rule for public comment that would revise requirements for investing lenders and mortgagees “to gain or maintain status as an FHA-approved lender or mortgagee.” The proposed rule would...more

HUD Throws in the Towel on Down Payment Assistance Revisions

Ballard Spahr LLP on 8/15/2019

We have reported on the attempt by the U.S. Department of Housing and Urban Development (HUD) to impose new documentation requirements for down payment assistance provided by government entities to be used in connection with...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

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