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Real Estate & Property Law

: Housing Wire

HUD Takes the Axe to FHA Direct Endorsements

By DIANA GOLOBAY

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The US Department of Housing and Urban Development (HUD) on Thursday cut off 102 Federal Housing Administration (FHA)-approved lenders from participation in the government program, which insures lenders against default-related losses on qualifying mortgages. The termination of these lenders’ direct endorsements came as part of HUD’s actions taken against 120 lenders for violating FHA requirements. “At this [...]

Full post as published by Housing Wire on May 22, 2009 (boomark / email).

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