The Department of Housing and Urban Development is considering repealing changes it made to the FHA’s late endorsement process after HUD’s Inspector General notified the agency that the hastily researched changes could cost HUD well over $19 million. The IG found that FHA’s risk assumption was flawed and the changes actually increased the likelihood of higher default and claim rates for late-endorsed loans. HUD announced the changes, removing the six-month payment history requirement for...