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Consumer Financial Products Federal Housing Administration (FHA) Appraisal

Ballard Spahr LLP

HUD Rescinds Various FHA Mortgage Loan Requirements

Ballard Spahr LLP on

Recently the U.S. Department of Housing and Urban Development (HUD) rescinded various FHA mortgage loan requirements in a series of five Mortgagee Letters....more

Orrick, Herrington & Sutcliffe LLP

FHA seeks feedback on changing reconsideration of valuation requests

Recently, FHA published a draft mortgagee letter (ML) proposing policy changes to its requirements for processing and documenting reconsideration of valuation (ROV) requests, specifically when requests are initiated by a...more

Ballard Spahr LLP

FHA Extends Temporary Employment Verification and Appraisal Guidance Due to COVID-19

Ballard Spahr LLP on

In Mortgagee Letter 2020-20 dated June 29, 2020, the U.S. Department of Housing and Urban Development announced the extension of FHA temporary guidance regarding employment verification and appraisals due to COVID-19. The...more

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