Several dozen Federal Housing Administration mortgagees were hit with actions over the past year. Some paid large penalties, and other lost their FHA approval.
The Department of Housing and Urban Development’s Mortgagee Review Board took actions against 20 FHA mortgagees during the past year or so.
Actions taken by HUD included the issuance of civil money penalties, withdrawals and suspensions of FHA approval, and probations and reprimands.
Source: Mortgage Daily