Following a long wait, the U.S. Department of Housing and Urban Development (HUD) published a revised version of the Fair Housing Administration’s (FHA) handbook governing the origination and servicing of FHA loan products, including Home Equity Conversion Mortgages (HECMs, which
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Freeing the Well-Being: Mental Health Accommodations in the Workplace
Does it seem like you are dealing with more mental health issues in your workforce? If so, you are not alone. Recent mental health claim statistics show an alarming increase in chronic illnesses since the pandemic. For adults between the ages…
FHA Announces New Guidelines Allowing Borrowers to Challenge Appraisals
On May 1, 2024, the Federal Housing Administration (FHA) issued Mortgagee Letter (ML) 2024-07 titled “Appraisal Review and Reconsideration of Value Updates,” which enhances the agency’s current policy on home valuations. ML 2024-07 underscores FHA’s ongoing commitment to addressing appraisal…
I Need to Sue My Longtime Business Partner(s): What Pitfalls Should I Consider Before Filing Suit
As a business trial lawyer representing private company owners and investors in business divorce disputes and civil litigation for many years, my experience teaches that business partners should approach litigation with caution. Specifically, and for the reasons discussed in this…
Signature Lines Matter: When a Contract Amendment Is Not Really an Amendment
Construction law is largely a matter of contract law. Yes, there are federal and state statutes that deal with construction issues and, yes, construction cases sometimes involve tort claims, but more often than not, construction disputes revolve around the parties’ contract.…
Welcoming Our Robot Overlords? Navigating New Guidance on AI
As technology continues to evolve, so do the dynamics of labor and employment. The Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) recently issued Field Assistance Bulletin No. 2024-1 (FAB 2024-1). FAB 2024-1 is…
Does Your Company Use Data Analytics in Its Anti-corruption Program? It Should
In November 2023, during her keynote address at the American Conference Institute’s international conference on the Foreign Corrupt Practices Act (FCPA), Acting Assistant Attorney General for the Criminal Division Nicole Argentieri announced that the Fraud Section of the Department of…
Inflation Reduction Act Domestic Content Bonus Update: IRS Issues Updated Guidance with New Elective Safe Harbor
On May 16, 2024, the IRS released Notice 2024-41 (the “Notice”), modifying its preliminary guidance issued last May in Notice 2023-38 addressing the application of potential future rules that taxpayers must satisfy to qualify for the domestic content bonus tax…
Supreme Court Upholds Constitutionality of CFPB’s Funding Mechanism
“Although there may be other constitutional checks on Congress’ authority to create and fund an administrative agency, specifying the source and purpose is all the control the Appropriations Clause requires.” With these words, seven members of the Supreme Court upheld…
White Smoke: Habemus Proposed Rule Making on Marijuana Rescheduling!
The long-awaited, and recently leaked, news that DEA would begin the process of rescheduling marijuana from Schedule I to Schedule III became a reality yesterday when DEA issued a formal notice of proposed rulemaking. As we have said before,…