April 3, 2018

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HUD's Office of Inspector General found in a recent report that in 2016, the Federal Housing Administration (FHA) insured close to $1.9 billion in ineligible loans. Although the FHA presents less qualified borrowers an opportunity to refinance or purchase, MLOs need to make sure that they are using FHA products correctly (and carefully) to put the borrower in the best position with the right product.