Four industry groups expressed support for FHA changes addressing False Claims Act liability and urged HUD to adopt as quickly as possible FHA’s revised loan-level certification.
A recent memo from HUD and DOJ appears to have eased the use of False Claims Act in FHA enforcement. However, compliance attorneys warned lenders not to let their guard down.
The U.S. Senate approved fiscal 2020 spending packages for government agencies. Some $400 billion has been set aside for new guarantees on FHA single-family mortgages.
FHA has published new implementation requirements for condominium units secured by Home Equity Conversion Mortgage loans. The guidance also ap-plies to condo units that qualify for HECM spot-financing.
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