Sentences with phrase «lax mortgage practices»

Not exact matches

The housing boom was fueled by optimistic expectations for house price appreciation, combined with lax underwriting standards embodied in such practices as no - doc mortgages and widespread speculative activity by investors.

Enhancing its housing counseling programs for reverse mortgage loans, and holding lenders accountable for lax or unscrupulous practices can help protect senior homeowners.

Mortgage fraud and lax lending practices by FHA lenders lead to additional FHA oversight and regulation, and increase FHA risk for losses associated with mortgage dMortgage fraud and lax lending practices by FHA lenders lead to additional FHA oversight and regulation, and increase FHA risk for losses associated with mortgage dmortgage defaults.

Several high profile lender suspensions and increased auditing of FHA approved lenders are sending a message to mortgage lenders and the public that FHA is fiscally responsible and won't bear unnecessary risks due to lax lending practices.