Volume 27 - Number 10
March 11, 2010
House Bill Would Implement Changes to FHA, Fees, Indemnification Authority for Bad Loans
Draft legislation introduced in the House this week would give the Department of Housing and Urban Development more flexibility in setting FHA annual premiums, authority to force lenders to indemnify losses on poorly originated loans and broader authority to discipline problem lenders. The “FHA Reform Act of 2010” reflects legislative changes sought by the Obama administration to...
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