FHA lenders subpoenaed in default rate inquiry
Federal housing officials on Tuesday served subpoenas on 15 mortgage companies with suspiciously high default rates for loans backed by the Federal Housing Administration .
Read more on Tacoma News Tribune
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Federal Housing Administration announces investigations of 15 lenders with high default rates. January 12th, 2010 Government officials investigate 15 FHA lendersWASHINGTON ? Federal housing officials are investigating 15 mortgage companies that have suspiciously high default rates ... The Department of Housing and Urban Development's Office of Inspector General says it served subpoenas to corporate offices of the companies demanding documents and data about failed loans. ...