Relevant:
- HUD Takes the Axe to FHA Direct Endorsements
- Avoiding a Falling Knife in the U.S. Mortgage Market
- HUD Predicts HAMP Re-Default Rates to be 'Significantly Lower' Than Expecte
- HUD Predicts HAMP Re-Default Rates to be 'Significantly Lower' Than Expected
- Mid-Tier Lenders Shut Out of Hope for Homeowners, Sources Say
2011-01-25 — reversemortgagedaily.com
"The Department of Housing and Urban Development (HUD) terminated the approval of sixteen branch offices, spanning a total of fifteen different lenders due to higher than normal default rates on loans endorsed by the Mortgagees."
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