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Home » Store » Government-Insured Lending » HUD Mum on Reported Revisions in Direct Endorsement Program, Loan Certification Policies and Procedures

HUD Mum on Reported Revisions in Direct Endorsement Program, Loan Certification Policies and Procedures

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Government-Insured Lending

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The Department of Housing and Urban Development declined to comment on the progress on revised policy drafts that may help reduce lender liability and ease back-end enforcement actions. The FHA is considering procedural changes aimed at easing lender liability to spur more FHA lending to qualified, underserved borrowers. Specifically, FHA is reportedly working to raise the bar on loan certification violations, making it harder to sue lenders for unintentional or technical mistakes. Such a change could spur...
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