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Home » Store » Government-Insured Lending » Flint Lenders Must Verify Quality of Water Source for FHA Properties

Flint Lenders Must Verify Quality of Water Source for FHA Properties

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Government-Insured Lending

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The Department of Housing and Urban Development’s inspector general has urged the agency to direct FHA lenders to show documented proof that properties in Flint, MI, had a safe and potable water source at the time their FHA loans were closed and endorsed, or face indemnification. The HUD IG, in a report, said it audited the department’s oversight of FHA-insured loans in Flint in the wake of news reports of high levels of lead contamination in the city’s public water system ...
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