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Home » Store » News » FHA Makes Lenders Liable for Broker Errors

FHA Makes Lenders Liable for Broker Errors

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Wholesale FHA lenders will be on the hook for all FHA-insured loans originated by mortgage brokers, which in turn is expected to increase lender vigilance over third-party compliance with consumer protection laws and regulations. The change, one of several policy changes announced recently by the Department of Housing and Urban Development, will align the FHA with Fannie Mae and Freddie Mac...
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