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
Needless to say, a coronavirus pandemic (or even the threat of such a pandemic) could have significa...
Read More >
About this time last year, research from George Washington University and University of Utah found a...
Read More >
When it comes to marijuana, the legal landscape is changing rapidly. Ten states, including Californi...
Read More >
On September 16, 2019, the Federal Trade Commission (“FTC”) and the Antitrust Division of the Depa...
Read More >
As we wrote in November 2018, the Treasury Department issued proposed regulations that significantly...
Read More >
The classic 1989 film Back to the Future II famously predicted that humans would be zipping around o...
Read More >