Oct 31, 2019
For the past several years, the False Claims Act has been at the
forefront of enforcement efforts involving Federal Housing
Administration (FHA)-approved mortgagees by the US Department of
Housing and Urban Development (HUD) and the US Department of
Justice (DOJ). This week, HUD released proposed changes to its
loan-level certifications and final changes to its annual
certifications and defect taxonomy with the stated goal of
addressing some of the uncertainty FHA lenders face in connection
with the False Claims Act. Mayer Brown partner Krista Cooley
discusses.