The mortgage subsidiary of home builder Lennar Corp. is being investigated over its handling of the lending process on government-insured loans.
A subpoena has been issued by the U.S. Department of Justice against the Miami-based company’s home-lending unit, Eagle Home Mortgage LLC.
At issue is the adequacy of certain underwriting and quality-control processes on residential loans that were insured by the Federal Housing Administration.
Source: Mortgage Daily
