Proposed new rules: lenders must certify they weren’t disciplined by government

full disclosureBy Ben Lane | HousingWire

The U.S. Department of Housing and Urban Development announced Tuesday a series of proposed changes to the rules for lenders that remit loans to the Federal Housing Administration.

Answering questions raised by, amongst others, leading Democrats on the Senate Banking and House Financial Services Committees, HUD released a revision to its previously announced proposal to change the FHA loan level and lender certifications that each lender must adhere to.

Continued:

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