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.
Matt Jones, FHA single-family housing deputy assistant secretary, indicated the agency believed the rescissions would make the FHA program more accessible to a wide range of lenders.