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Global Financial Markets

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.