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Home » Store » News » HUD Steps Up Enforcement Actions Against FHA Lenders, Expect More Indemnifications

HUD Steps Up Enforcement Actions Against FHA Lenders, Expect More Indemnifications

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The Department of Housing and Urban Development’s Mortgagee Review Board is levying a growing number of administrative sanctions against FHA lenders and appears to be increasing the severity of penalties imposed on firms that violate FHA standards. The MRB took major actions against 32 lenders from October 2009 through April 2010, permanently withdrawing FHA lending...
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