News & Analysis as of

Affordable Housing Department of Housing and Urban Development Federal Housing Administration (FHA)

Mayer Brown

Bipartisan Housing Reform Advances in the Senate

Mayer Brown on

Last week, the Senate Banking Committee unanimously passed the ROAD to Housing Act of 2025. The legislation, designed to address affordability concerns and supply shortages in the housing market, is the first bipartisan...more

Sheppard Mullin Richter & Hampton LLP

HUD Requests Public Input on Buy Now Pay Later Loans and FHA Mortgage Eligibility

On June 24, the Department of Housing and Urban Development (HUD) issued a Request for Information (RFI) to evaluate how Buy Now Pay Later (BNPL) loans may affect FHA-insured mortgage underwriting. The RFI seeks comment on...more

Orrick, Herrington & Sutcliffe LLP

HUD releases RFI on Buy Now, Pay Later housing products

On June 24, the FHA within HUD issued an RFI seeking public input on the implications of Buy Now, Pay Later (BNPL) lending for housing affordability and stability. Through this RFI, the FHA will seek to better understand how...more

Orrick, Herrington & Sutcliffe LLP

FHA archives nearly 600 inactive mortgagee letters

On May 19, it was reported that the FHA’s Office of Single Family Housing (OSFH) archived nearly 600 inactive mortgagee letters after determining that their inclusion on OSFH’s website caused confusion among lenders seeking...more

Ballard Spahr LLP

HUD Modifies Exclusive REO Listing Period and Eliminates Exclusive Sales Period

Ballard Spahr LLP on

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

Ballard Spahr LLP

HUD reverses course and eliminates eligibility of Non-Permanent U.S. Residents for FHA Loans

Ballard Spahr LLP on

In the waning hours of the first Trump Administration the U.S. Department of Housing and Urban Development (HUD) announced that effective January 19, 2021 individuals who are classified under the “Deferred Action for...more

Ballard Spahr LLP

FHA Proposes Enhancements to its 203(k) Rehabilitation Mortgage Loan Program

Ballard Spahr LLP on

The Federal Housing Administration (FHA) recently proposed enhancements to its 203(k) rehabilitation mortgage loan program. The proposed enhancements are set forth in a draft Mortgagee Letter. FHA will accept feedback on the...more

Ballard Spahr LLP

Last Call! RAD Year End Closing Deadline Reminder

Ballard Spahr LLP on

July is right around the corner and we wanted to remind everyone of the HUD deadlines for closing RAD conversions by year end...more

Ballard Spahr LLP

HUD Inspector General Issues Alert on Appraiser Identity Theft

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The Office of the Inspector General (OIG) of the U.S. Department of Housing and Urban Development has issued an alert on appraiser identity theft. The alert details cases in three states where identity thieves illegally used...more

Ballard Spahr LLP

Recap of HUD’s Early January Guidance

Ballard Spahr LLP on

Earlier this month, the US Department of Housing and Urban Development (HUD) issued a number of final rules and notices...more

Ballard Spahr LLP

HUD Publishes HOTMA Initial Implementation Notice

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HUD has issued a Federal Register Notice offering initial implementation guidance for the Housing Opportunities through Modernization Act of 2016 (HOTMA) (Pub. L. 114-201). The notice highlighted both the HOTMA provisions...more

Ballard Spahr LLP

Down Payment Assistance Stand-Off between HUD and the Inspector General Clouds the Waters

Ballard Spahr LLP on

The HUD Office of Inspector General (OIG) released an audit on July 9, 2015, in which it opined that loans that included down payment assistance programs from state housing agencies ran afoul of HUD regulations. (OIG Report...more

Ballard Spahr LLP

HUD proposes Processing Guide for 2530/Previous Participation reviews; comments due June 16th

Ballard Spahr LLP on

On May 17, 2016, HUD published a notice in the Federal Register to announce the issuance of the “Processing Guide for Previous Participation Reviews of Prospective Multifamily Housing and Healthcare Programs’...more

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