The Department of Housing and Urban Development late last week withdrew a controversial proposed rule that aimed to speed the process by which residential servicers file FHA insurance claims. A number of industry participants were critical of the proposed claims-filing deadline, warning that it would prompt significant problems. Among other provisions, the proposal issued in July would have established a deadline for insurance claims to be filed with the FHA. “This new deadline will ensure FHA can effectively manage and process timely claims,” HUD said at the time. Originally, the agency proposed...