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Home | News | Government | FHA Pulls Approval from Two Mortgage Lenders
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FHA Pulls Approval from Two Mortgage Lenders

FHA officials have warned that they will be keeping a close eye on lenders to ensure the agency's standards are being followed, and that pledge became painfully apparent for two mortgage companies last week. FHA has permanently withdrawn its approval of Atlanta-based RSA Financial, Inc. and 1st Alliance Mortgage of Houston, Texas. The actions impose steep penalties on the the two lenders and prevent them from originating and underwriting new FHA-insured mortgages.

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About Author: Carrie Bay

Profile photo of Carrie Bay
Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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