The amount of FHA loans has skyrocketed in the last few months, primarily because they require lower down payments than conventional loans. I’ve mentioned that this increase is possibly due to the fact that lenders can bypass the HVCC, thus still
influencing directly contacting the appraiser.
HUD now has a list of FHA lenders with high default rates in every state. Just head over to the early warning system website and start by choosing your state
Then narrow down the options even further or just simply click ‘submit’ to see the results.
The highlighted ‘compare ratio’ field shows the largest discrepancies between the lender’s default and claim percentage and the default and claim percentage for the state.
I like to keep track of my clients. Did any lenders you work with make the list?