FHA has removed the requirement that lenders obtain appraisal field reviews on at least 10% of loans selected for origination and underwriting reviews.
The Community Home Lenders of America renewed its call for regulators to establish a standby liquidity facility to support Ginnie Mae servicers during periods of stress.
The Department of Housing and Urban Development’s servicer missed the mark on most of the FHA partial claims sampled by HUD’s Office of Inspector General.
Freedom Mortgage accused its former senior vice president of product management of developing a competing loan origination system while he was on Freedom’s payroll.