FHA’S MORTGAGEE REVIEW BOARD TAKES ACTION AGAINST 240 LENDERS
By HUD -

WASHINGTON, DC – August 1, 2011 – (RealEstateRama) — The Federal Housing Administration’s Mortgagee Review Board (MRB) today announced hundreds of administrative actions against FHA-approved lenders who failed to meet its requirements. MRB sanctions against lenders include reprimands, probations, suspensions, withdrawals of approval, and civil money penalties. Read the full text of MRB’s Federal Register Notice


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http://www.hud.gov/

U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

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