Loan Origination
REDUCING FALSE CLAIMS ACT RISK IN FHA LENDING
By Bob Broeksmit, MBA
Important aspects of the 2020 housing outlook, in addition to demand, supply, and rates, are the various changes to the regulatory environment that will affect lenders and borrowers. Improvements to FHA’s defect taxonomy, the method used to identify defects at the loan level and the remedies for such shortcomings, are one of the more positive developments, particularly for first-time homebuyers and low- and moderate-income borrowers.
The MORTGAGE BANKER Magazine
8
March 2020
