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Home » Store » News » FHA Briefs

FHA Briefs

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The Department of Housing and Urban Development late last week announced the termination of 28 lenders’ approvals to originate and underwrite FHA loans under its Credit Watch initiative. HUD can remove the FHA approval of any lender that has a default and claim rate for loans endorsed within the last 2 years that exceeds 200 percent of the default and claim rate within...
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