Draft defect taxonomy could have “chilling effect” on FHA market
Housing Wire
NOVEMBER 17, 2021
Envisioned to provide rules of the road for mortgage servicers, industry groups and housing advocates say the Federal Housing Administration ‘s draft defect taxonomy would instead keep lenders away. The document spells out what remedies the agency may seek if it finds loan-level defects pertaining to servicing.
Let's personalize your content