Browsing: FHA

Mortgage

The Federal Housing Administration last week posted a new “defect taxonomy” that explains how the agency will categorize loan defects found in the single family loans it guarantees. The guidelines are part of FHA’s quality assurance efforts following several cases where lenders were forced to absorb losses on FHA loans with faulty underwriting. The taxonomy

Mortgage

The Federal Housing Administration on Thursday said that its updated handbook consolidating its guidance for lenders into a single resource would take effect on Sept. 14 instead of June 15 as originally planned.

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