mortgage markets

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Could FHA Claim Denials Lead to More Mortgage Losses

Oct 05, 2011By

A senior analyst for FBR Capital Markets is suggesting that FHA claims could be the next "shoe to drop" on banks and mortgage markets, if the FHA denies claims or issues fines related to insurance claims related to bad mortgages.   Speaking primarily about forward FHA-insured mortgages, Paul Miller suggested that fines tied to claims could amount to #13.5 billion in losses for denied servicer claims and $11.5 billion in losses for lenders if their claims are not accepted. A move to deny claims or issue fines on would be fairly unprecedented as the FHA payment of claims on

3d rendering of a row of luxury townhouses along a street

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