2009-01-09T20:01:50-05:00https://images.c-span.org/Files/40b/283248-m.jpgWitnesses testified about the Federal Housing Administration’s oversight of loan originators. Topics included the FHA’s.
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"We’re also seeing early evidence of gradually loosening lending standards starting in 2014, specifically for FHA-backed loans," Blomquist added. "The foreclosure rate on FHA loans originated in 2014.
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According to the lawsuit, U.S. Bank falsely claimed that mortgage loans it had created and insured were qualified for FHA coverage. As a consequence of U.S. Bank’s falsifications, the FHA incurred.
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