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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