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HTMLHUD Revamps FHA Lending Requirements
Sherwin F. Root, David H. Sands; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
October 17, 2011, previously published on October 14, 2011
On September 23, 2011, HUD issued Mortgagee Letter 2011-34 (the "Letter"). The provisions of the Letter, which became effective immediately upon the Letter's release, dramatically revamp requirements for FHA-approved lenders. Most significantly, HUD has expanded the single family...

 

HTMLHelping Families Save Their Homes Act of 2009 Imposes New and Uncertain Disclosure Requirements on Buyers and Assignees of Home Loans
David H. Sands, Sherwin F. Root; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
June 25, 2009, previously published on May 29, 2009
On May 20, 2009, President Obama signed into law the Helping Families Save Their Homes Act of 2009.

 

HTMLRESPA'S Required Use Rule Delayed
David H. Sands, Sherwin F. Root; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
March 25, 2009, previously published on March 6, 2009
The U.S. Department of Housing and Urban Development (HUD) today announced that it will once again delay the implementation date of the proposed changes in RESPA's new required use definition by 3 months, from April 16th until July 16th, and that HUD intends to seek further public comment on...