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Loan Modification

: Mortgage Lender Implode-o-Meter

OIG Report says FHA not doing enough to weed out bad players

By Implode-Explode Heavy Industries

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The board in charge of sanctioning mortgage lenders who violate Federal Housing Administration policies is ineffective and slow at a time when the volume of loans backed by the agency is exploding, according to an inspector general's report scheduled for release today.

Full post as published by Mortgage Lender Implode-o-Meter on May 22, 2009 (boomark / email).

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