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Home » Store » News » HUD Scrambles to Implement New Wholesale Lending Rules for FHA, Upgrade Technology

HUD Scrambles to Implement New Wholesale Lending Rules for FHA, Upgrade Technology

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The Department of Housing and Urban Development has sailed into choppy water in the transition to a new framework for FHA wholesale lending in which the agency no longer approves correspondents and leaves wholesale lenders in charge of their third-party origination partners. Although HUD’s new rule terminating correspondent approvals took effect on May 20, the agency...
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