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October 5, 2010 – FHA home loans are like any other–they have rules that cover on-time payments, delinquency and foreclosure. Believe it or not, there is a timeline for missing payments that tells borrowers and lenders what happens from the moment the loan payments start getting missed to the time foreclosure proceedings are underway.
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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