FHA takes action against 240 Mortgage Lenders

http://www.dsnews.com/articles/fha-announces-sanctions-against-240-lenders-2011-07-29


The Housing and Urban Development (HUD) Department of the US Government (created through legislative action to stimulate ad control US  housing - see the many executive positions and roles of HUD - http://portal.hud.gov/hudportal/HUD?src=/about/secretary/powersec) has a Mortgagee Board to oversee the implementation and administration of HUD rules for FHA approved lenders.

See the list and types of administrative actions taken by the HUD Mortgagee Review Board against the lenders at this HUD document in Federal Register:

http://www.gpo.gov/fdsys/pkg/FR-2011-07-29/pdf/2011-19293.pdf

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