The Department of Housing and Urban Development last week unveiled a reform plan to inject new life into its fading FHA mortgage insurance by streamlining the process and easing compliance burdens for FHA lenders. The new FHA compliance scheme consists of 150 pages of revised appraisal rules, plus a “Lender Insurance” program that will enable high-volume FHA lenders to approve mortgage loans for federal insurance without a pre-endorsement review by HUD. …