Lenders remain skeptical of changes to FHA loans

The U.S. Department of Housing and Urban Development proposed revisions to the certifications on Federal Housing Administration (FHA) mortgage loans this week that are intended to ease lender fears about lending to higher risk borrowers. The FHA is saying that the revisions will enable regulators to allow room for minor errors. Mortgage lenders expressed concerns, saying the rules still lack clarity and leave them exposed to lawsuits from federal regulators. Click here for more information.