HUD Targets Lenders with High Default Rates As Agency Mulls Over Major FHA Changes
January 14, 2010
While Department of Housing and Urban Development officials continue to mull over tougher underwriting requirements to bolster the FHA’s financial position, the agency this week launched a new investigation into lending practices at 15 companies with high problem loan rates. HUD Inspector General Kenneth Donohue and FHA Commissioner David Stevens said subpoenas... [Includes one chart]