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"… inaccurate and unsupported information to qualify borrowers for 5 out of 6 FHA loans reviewed,” the report said, which put the FHA insurance fund at risk fo …"
"… stry” and whether they are complying with contractual obligations to the Federal Housing Administration and the Veterans Administration. The bureau officially opens its doors in …"
"… utomated underwriting process, accounting for nearly three-quarters of all FHA loans, the Housing and Urban Development (HUD) inspector general said.The autom …"
"… o reduce the $345 billion gap between federal taxes owed and paid (OIG) …"
"… achus.On Thursday, the House also voted to pull the plug on the $8 billion Federal Housing Administration program that provides FHA-insured loans to help underwater homeowners refi …"
"… urrent state of the U.S. housing market?“I think we’re near bottom,” Federal Housing Administration Commissioner David Stevens told a congressional hearing this morning. “I …"
"… eckered pasts, which had nevertheless won approval from Ginnie Mae to sell FHA loans in the secondary mortgage market. Ginnie Mae guarantees payment on those …"
"… opDot was able to generate new cash, which the firm could use to make more FHA loans. According to the Department of Housing and Urban Development, TopDot had …"
"… g the company had misled borrowers about the terms of both traditional and FHA loans. More significantly, as of last December, TopDot had a default rate on FH …"
"… ans. More significantly, as of last December, TopDot had a default rate on FHA loans issued in the previous two years of 14.3 percent, more than double that o …"
"… r ordered by HUD auditors to cover the cost of bad loans. Eight firms have FHA loan portfolios that are defaulting at double the rate of their principal compe …"
"… ho, N.Y., company misled borrowers about the terms of both traditional and FHA loans. Its default rate on FHA loans made in the past two years is 14.3 percent …"
"… ers about the terms of both traditional and FHA loans. Its default rate on FHA loans made in the past two years is 14.3 percent, or more than double that of o …"
"… HUD’s database shows that nine months before that approval was granted, FHA loans made by one of the firm’s branches had a default rate far higher than i …"
"… The Justice Department, which sought to keep Lend America from making more FHA loans, won a permanent injunction against Lend America in December. HUD withdre …"
"… e department says it is actively monitoring lenders whose default rates on FHA loans are higher than average.Some observers of the FHA warn that the recent im …"
"… tives now works as a sales manager at a company currently approved to make FHA loans.In another instance, a former senior executive with BSM Financial, an FHA …"