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Ballard Spahr LLP: HUD Issues Proposed Rule for Physical Needs Assessments and Energy Audits

By Amy M. Glassman and Mitzie V. Smith-Mack The U.S. Department of Housing and Urban Development (HUD) issued a proposed rule that would require all public housing authorities (PHAs), regardless of size, to conduct physical needs assessments (PNAs). If implemented, it would require the following...

BuckleySandler LLP: District Court Rules that Mortgage Servicer Lacks Standing to Bring Suit Against HUD for Failure to Process or Pay FHA Insurance Benefit Claims

Excerpted from Infobytes , a weekly electronic newsletter on developments in financial services law from BuckleySandler LLP . For the full issue of Infobytes , click here: http://www.buckleysandler.com/infobyte-detail/infobytes-july-29-2011 On July 20, the U.S. District Court for the Northern District...

Ballard Spahr LLP: HUD Issues Guidance on Operating Subsidy Calculations for Calendar Year 2012

By Sharifa A. Anderson , Teri M. Guarnaccia and Amy M. McClain On September 26, 2011, the U.S. Department of Housing and Urban Development (HUD) released an advisory notice (PIH 2011-55) that provides guidance to public housing authorities (PHAs) on operating subsidy calculations for Calendar Year...

BuckleySandler LLP:HUD Issues Proposed Disparate Impact Rule

Excerpted from Infobytes , a weekly electronic newsletter on developments in financial services law from BuckleySandler LLP . For the full issue of Infobytes , click here: http://www.buckleysandler.com/infobyte-detail/infobytes-november-11-2011 On November 15, the U.S. Depart hment of Housing and...

Ballard Spahr LLP: HUD Issues Guidance on Demolition and Disposition of Public Housing

By Amy M. McLain , Sharifa A. Anderson and Joy C. O'Brien The U.S. Department of Housing and Urban Development has released guidance on the requirements for HUD approval of the demolition and disposition of public housing under Section 18 of the U.S. Housing Act of 1937 and its implementing regulations...

Ballard Spahr LLP: HUD Rule Targets Sexual Orientation and Gender Identity Discrimination by FHA Lenders

By the Consumer Financial Services Group To combat discrimination in its programs based on sexual orientation or gender identity, the U.S. Department of Housing and Urban Development published a final rule on February 3, 2012, that includes new prohibitions directed at FHA lenders. The rule, which...

Ballard Spahr LLP: HUD Issues Instructions for Rental Assistance Demonstration

By Monique Y. DeLapenha , Amy M. McClain , and Mary Grace Folwell HUD has released a set of proposed program instructions-including eligibility and selection criteria-for the Rental Assistance Demonstration (RAD). Comments are due April 9, 2012. A copy of the Federal Register notice and the HUD...

Troutman Sanders LLP: VA Supreme Court Rules Face-to-Face Interview Required Before Foreclosure

By David N. Anthony , John C. Lynch , Ethan G. Ostroff and Maryia Y. Jones On April 20, 2012, in a surprising decision, the Supreme Court of Virginia revived borrowers' claims against defendant loan holder and servicer, concluding that the borrowers' non-payment under a home loan did not constitute...