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Volume 21 - Number 2

January 25, 2010

HUD Puts FHA Lenders on Notice About High Default, Claim Rates

Federal housing regulators are ramping up surveillance of mortgage companies’ claims rates to protect the FHA single-family mortgage insurance fund from bad underwriting and potential fraud. Fifteen mortgage companies are being investigated by the Department of Housing and Urban Development’s Office of the Inspector General for having significant claims against the FHA insurance fund...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

vote to see results
Housing Pulse

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