30Jul
HUD Updates COVID-19 Guidance for FHA Loans
The U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2020-23, dated July 28, 2020, to update COVID-19 national emergency guidance for FHA loans. The guidance addresses the verification of business operations for self-employed borrowers, the use of rental income for qualification purposes, and rehabilitation escrow accounts in connection with 203(k) loans. The guidance on the first two topics is effective for cases with note dates on or after July 28, 2020 through...
By:
Ballard Spahr LLP
Related
With his signature on AB 5 on September 18, 2019, California Governor Gavin Newsom has completed the...
Read More >
There are numerous obstacles facing developers attempting to repurpose a golf course. It can be poli...
Read More >
This newsletter is our take on the antitrust developments we think are most interesting to your busi...
Read More >
The Ninth Circuit Court of Appeals changed its mind and decided to ask the California Supreme Court ...
Read More >
In this transcript of the video below, attorneys Ron Wayne and Sarah Blank discuss the SECURE Act an...
Read More >
The U.S. Department of Justice (DOJ) announced earlier this month that Canon and Toshiba agreed to e...
Read More >