Tough Love for FHA Lenders
May 14th, 2010
According to FHA Loan Pros, HUD is working over-time to prevent losses associated with irresponsible FHA lending practices, FHA is emphasizing enforcement of FHA requirements and is increasing its review of FHA approved lenders. HUD has taken actions against six times as many FHA lenders since 2009 than it cited during 2000-2008. HUD increased scrutiny of FHA approved lenders helps with minimizing non-compliant mortgage lending practices and reducing mortgage fraud.
