Operation Watchdog Entangles 15 FHA Lenders

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In January 2010, the U.S. Department of Housing and Urban Development’s (HUD) Office of Inspector General (OIG) began Operation Watchdog, an initiative to review the underwriting of 15 Federal Housing Administration (FHA) direct endorsement lenders having default and claim rates indicating lender performance problems.

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But though there was an appearance of a conflict, the watchdog found that none of these firms received special treatment. The GAO recommended that the Fed better explain the role of these executives.

Things that didn’t make them happy.. Just like Pokemon Go was a huge success when it first came out.. I feel that I could use my life to do something bigger.FHFA watchdog raises concerns about nonbanks. the FHFA’s watchdog says.. the operations of some smaller lenders may lack sophistication, resulting in potential quality control and fraud.

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