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.
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