Browsing Tag:Cummings

new-york-enacts-new-reverse-mortgage-foreclosures-legislation-bradley-arant-boult-cummings-llp
On December 15, 2020, New York Governor Andrew Cuomo signed a bill that, among other things, requires that reverse mortgage lenders in the state notify the state Treasury Department (DFS) and mortgage lenders of an impending foreclosure on reverse mortgage borrowers.The legal and regulatory regime for reverse mortgages has evolved rapidly over the past 24 months. Earlier this...
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fha-clarifies-that-daca-categorized-residents-are-permitted-to-apply-for-fha-insured-mortgages-bradley-arant-boult-cummings-llp
On January 20, 2021, the US Department of Housing and Urban Development (HUD) issued guidelines clarifying the definition of “legal residence”. Under the updated guidance, HUD clarifies that individuals who are eligible to work in the U.S. under the DACA (Deferred Action for Childhood Arrivals) program with the U.S. Citizenship and Immigration Service (USCIS) are eligible for mortgages...
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