X
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
Source Url: https://www.jdsupra.com/legalnews/hud-updates-covid-19-guidance-for-fha-41434/

Related

European Competition Law Newsletter – June 2020

EU, UK Competition, State Aid and Public Procurement Law During COVID-19 - While not the most impor...

Read More >

A Case For Confidentiality: Why Recent Arguments Against Arbitration Anonymity May Be Misguided

The assault on arbitration is old news. Recently, however, courts and commentators alike have seemed...

Read More >

SECURE Act Becomes Law With Most Changes Effective in 2020

The recently passed spending bill to keep the federal government operating included a last minute ad...

Read More >

Where Have All The Supreme Court Employment Law Cases Gone?

In a few weeks, the Connecticut Supreme Court will begin it’s next session.  As I looked at the cal...

Read More >

Importance Of Properly Documenting Workplace Investigations

A recent decision from the U.S. Court of Appeals for the Sixth Circuit upholding termination of a st...

Read More >

SCOTUS Precludes Punitive Damages for an Unseaworthiness Claim

In Dutra v. Batterton, No. 18-266, the Supreme Court of the United States, on June 24, 2019, determi...

Read More >