Jun 28, 2011 8:59AM By Brian Montgomery, former FHA Commissioner and Vice Chairman, The Collingwood Group and Karen Garner Wing, Special Advisor to The Collingwood Group and former HUD Quality Assurance Division Manager According to recent news stories, the HUD Office of Inspector General has put several lenders on notice regarding the quality of documents submitted as part of the FHA claims process. Another large FHA lender has also been accused of poor quality control involving their loan origination processes. In... Jun 28, 2011 12:57PM Woohoo! The April S&P/Case-Shiller Home Price Indices showed a monthly increase * in home prices for the first time in eight months today. On a month-over-month basis, the 10- and 20-City Composites were up 0.8% and 0.7% in April versus March. The chart below illustrates the annualized returns of the 10-City and the 20-City Composite Home Price Indices. In April 2011, the 10-City and 20-City Composites recorded annual declines of -3.1% and -4.0%, respectively. Oh wait a minute, there is an asterisk...
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