Bradley’s financial services attorneys provide extensive services to our bank and non-bank clients related to financial products that are:
- Administered or regulated by the Department of Housing and Urban Development (HUD)
- Insured by the Federal Housing Administration (FHA)
- Guaranteed by the Government National Mortgage Association (GNMA)
Our team benefits from exceptionally strong leadership in this area, including a former general counsel of HUD.
We routinely advise clients on compliance issues arising from:
- Statutes governing HUD-regulated financial products
- Formal guidance on origination and servicing from HUD and the FHA on regulations and mortgagee letters
- HUD’s claims administration process
- Violations to HUD’s statutory framework in actions brought by consumers
- HUD enforcement actions, including proceedings initiated by HUD’s Mortgagee Review Board
The team also has unique experience with:
- Home Equity Conversion Mortgages insured by HUD
- HUD’s consumer financial protection and manufactured housing programs
- Approval processes for becoming an FHA mortgagee to originate and/or service FHA loans, an investing mortgagee to hold FHA loans, and a GNMA issuer
