HUD/IG’s ‘Operation Watchdog’ Snags Three More DE Lenders
October 18, 2010
The Department of Housing and Urban Development’s Office of the Inspector General recommended civil fines of more than $4.4 million against three FHA lenders for losses incurred on 25 mortgage loans due to bad underwriting. The adverse findings and recommendations against the lenders – First Tennessee Bank, Pine State Mortgage Corp. and...