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"… 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 …"
"… 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 …"