The government accused the mortgage company of falsely certifying loans for the FHA insurance program
Loosening underwriting standards may cause trouble
Lawmakers grilled FHFA Director Mel Watt this morning and pushed for a move toward dismantling the mortgage giants to set up a new housing finance framework.
Released this morning, the Commerce Department's report shows U.S. single-family housing starts and building permits reached record levels last month, signaling the housing market is still on the road to recovery.
The FBI has arrested 15 individuals in several ultra-Orthodox Jewish communities involving a rich man, poor man mortgage and welfare fraud scheme.
The regulator says some disabled consumers have complained they have been grilled excessively during mortgage process.
October housing starts and permits are expected to increase, but multifamily development will still outpaced single-family construction.
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