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Home » Store » Inside FHA/VA Lending » HUD Seeks Authority to Assess Lenders For Upgrades to FHA Quality Control

HUD Seeks Authority to Assess Lenders For Upgrades to FHA Quality Control

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The Obama administration is asking Congress for authority to charge FHA lenders an “administrative fee” to help pay for improvements to the FHA quality assurance program. FHA wants to build a new quality assurance framework that will provide lenders more clarity about the agency’s expectations regarding the loan production process, said FHA Commissioner Carol Galante during a media briefing on provisions in the administration’s fiscal 2015 budget proposal that affect the Department of Housing and Urban Development. The idea is...
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