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Volume 2014 - Number 37

October 2, 2014

FHA Experts Doubt Whether Assessment of Underwriting Defects Can Be Simplified, Clear Guidance Remains to Be Seen

Achieving simplicity would be nearly impossible and getting clarity is something that remains to be seen in the FHA’s proposed draft for identifying underwriting defects, said compliance experts. The FHA has asked for industry feedback on a draft single-family loan quality assessment methodology, which is part of the agency’s Blueprint for Access strategy announced earlier this year to expand underserved borrowers’ access to mortgage credit. The proposed methodology is based...

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