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Loan Modification

: Mortgage Lender Implode-o-Meter

FHA Clarifies Lender Indemnification Process and Performance Expectations

By Implode-Explode Heavy Industries

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"The Department of Housing and Urban Development (HUD) is preparing to take another step toward tighter authority and oversight of its approved lenders. The FHA has requested comment on regulatory changes that will strengthen its ability to force lenders to indemnify or reimburse the FHA for claims against the insurance fund. HUD is also proposing new rules that would increase performance standards for FHA's authorized lenders."

Full post as published by Mortgage Lender Implode-o-Meter on October 14, 2010 (boomark / email).

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