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Stricter FHA to Pick More ‘Bad Apples’
FHA Commissioner Dave Stevens vowed to sever ties between the government mortgage insurance agency and unscrupulous lenders, and during his first few months in office, the Department of Housing and Urban Development has begun to tighten the reins. Last week’s suspension of Ideal Mortgage Bankers, which did business as Lend America, may only be the beginning. Back in June, HUD’s Mortgagee...
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