Excerpts from this story referencing "Rainy Day":
"… familiar with the probe. Federal officials say they are concerned that the Rainy Day Foundation could be thwarting government efforts to weed out mortgage lend …"
"… this in part by barring lenders if too many of their borrowers default.The Rainy Day Foundation advertises that it can help lenders remain in the FHA’s good …"
"… d watched most closely by the FHA. Rick Del Sontro, chief executive of the Rainy Day Foundation, said in an interview that his group provides an important serv …"
"… e riskier loans.The Justice Department has alleged, for instance, that the Rainy Day program was used by a major FHA lender, Lend America, in an attempt to con …"