FHA Mortgagee Board Report Shows Approvals Withdrawn for 900+ Lenders

"The Federal Housing Administration's Mortgagee Review Board (MRB) published a notice today to announce dozens of administrative actions against FHA-approved lenders who failed to meet its requirements. The total amount of originators that used to write FHA-backed mortgages, the report shows, but are restricted from doing so today, has surpassed the 900 mark."