FHA Raises 2020 Forward, Reverse Loan Limits

The Federal Housing Administration published Mortgagee Letter 2019-19 and Mortgagee Letter 2019-20, which raises the maximum mortgage limits for FHA-insured Title II forward mortgages and Home Equity Conversion Mortgages.

HUD, Justice Department Reach Agreement on False Claims Act Violations

AUSTIN, TEXAS–HUD and the Department of Justice yesterday signed a memorandum of understanding outlining “prudent” guidance for False Claims Act violations, a move that analysts said could help eliminate uncertainty in FHA lending and provide incentives for private market lending in government lending programs.