HUD’s Operation Watchdog: Mac-Clair Mortgage Did Not Poperly Underwrite Some FHA Loans
WASHINGTON D.C. (LoanSafe.org) – The U.S. Department of Housing and Urban Development’s (HUD) Office of Inspector General (OIG) reviewed 20 Federal Housing Administration (FHA) loans that Mac-Clair Mortgage Corporation (Mac-Clair) underwrote as an FHA direct endorsement lender. Our review objective was to determine whether Mac-Clair underwrote the 20 loans in accordance with FHA requirements. This [...]
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