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FHA’s New Loan Defect Taxonomy Is No Panacea for Enforcement Woes

FHA’s New Loan Defect Taxonomy Is No Panacea for Enforcement Woes

The Federal Housing Administration's new loan defect "taxonomy" may give lenders better clarity on the quality assurance reviews of FHA loans, but it's not a shield from possible enforcement action by the Department of Justice and other regulators.

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