Lennar Corp. subsidiary Eagle Home Mortgage had high FHA delinquency rate before Department of Justice subpoena – South Florida Business Journal

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Lennar’s mortgage subsidiary is under investigation by the Department of Justice over underwriting related to Federal Housing Administration loans, the major U.S. homebuilder disclosed Thursday.

Lennar mortgage division scrutinized for alleged FHA violations. The mortgage subsidiary of one of the nation’s largest homebuilders is under investigation by the Department of Justice for its handling of Federal Housing Administration Loans. Lennar disclosed the investigation last week in a filing with the Securities and Exchange Commission,

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