FHA Faces Uphill Struggle to Win Lenders Back

National Mortgage News, Dec. 26, 2017–Brian Collins (subscription)
“There are lots of fixes that need to be made at HUD,” said David Stevens, president and chief executive at the Mortgage Bankers Association “A lot of lenders have left the FHA program due to enforcement risk and the huge cost of servicing defaulted [FHA] mortgages.”