News & Analysis as of August 16, 2025

Mortgage Lenders

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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 +

HUD Updates FHA Loan Residency Requirements: Citizenship or Permanent Residency Now Required

Winstead PC on 4/8/2025

The U.S. Department of Housing and Urban Development (HUD) has issued Mortgagee Letter 2025-09, which updates the residency requirements for borrowers seeking Federal Housing Authority (FHA) insured financing....more

Fannie Mae releases notice on loan limit changes

Orrick, Herrington & Sutcliffe LLP on 1/8/2024

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

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

Ballard Spahr LLP on 8/28/2020

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

FHA Loan Limits Increase for 2019

Ballard Spahr LLP on 12/28/2018

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

HUD Looking to Bring Lenders Back to FHA Lending Space

Ballard Spahr LLP on 8/21/2018

In a July 2018 interview with HousingWire, FHA Commissioner Brian Montgomery stated that the FHA wants to bring big banks back to the FHA lending space by increasing transparency and decreasing False Claims Act (FCA)...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 1/19/2017

On the heels of Deutsche Bank’s $7.2 billion deal, Credit Suisse has finalized the terms of its own MBS-related settlement. The Swiss bank will pay $5.3 billion to resolve claims that it misled investors about the standards...more

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

Baker Donelson on 4/20/2016

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

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