Government Sponsored Enterprise Lending

The legal professionals at Frost Brown Todd have represented both lenders and borrowers in loan originations that utilize GSEs. This includes (i) loans that are insured by the Federal Housing Administration pursuant to the National Housing Act (FHA-insured or HUD loans), (ii) loans closed by the Federal National Mortgage Association’s (Fannie Mae) Delegated Underwriting and Servicing (DUS) program, and (iii) loans closed through the Federal Home Loan Mortgage Corporation’s (Freddie Mac) Capital Markets Execution (CME) program. Unlike most law firms in the Midwest, Frost Brown Todd’s attorneys are also able to issue non-consolidation, Delaware springing member, and Delaware authority to file opinions, which are now required under certain GSE programs.

We represent an agency client on a variety of servicing matters and generally handle the foreclosure process for projects with such backing. We have also represented borrower and lender clients in connection with certain general servicing matters for FHA-insured (HUD) transactions, including transfer of physical assets (TPA or loan assumption) transactions.

Frost Brown Todd attorneys have the greatest GSE experience representing both lenders and borrowers in connection with loans insured by the Federal Housing Administration pursuant to the National Housing Act, as amended.  These loans have been for the new construction, purchase or refinancing of multifamily apartment projects, senior housing projects, nursing homes, board and care facilities, assisting living facilities and residential care facilities.

The firm’s attorneys have experience with projects insured under the following sections of the National Housing Act, as amended:

  • Section 207/223(f)
    (refinancing of Section 202 of the Housing Act of 1959 Direct Loan)
  • Section 221(d)(4)
  • Section 232
  • Section 241
  • Section 207/223(f)
  • Section 232/223(f)
  • Section 223(a)(7)
  • Section 220

We have attorneys that have worked on HUD loan transactions involving the following additional concerns:

  • Multi-Property and Multi-State Transactions
  • Bond Financing
  • Low Income Housing Tax Credits
  • Ground Leases
  • Mark-to-Market Restructuring (M2M)
  • Transfers of Physical Assets (TPAs)
  • New York/Florida Assignments
  • Subordinate Financing
  • Condominium Regimes
  • Senior Housing Conversions

In short, Frost Brown Todd has an experienced team of lawyers and paralegals who understands the FHA-insured lending business.