Not exact matches
Recently, the agency stated that broker access to FHA products should continue
by virtue their current relationships with banks and other wholesalers, saying, «It is the
mortgage lender with the greatest control over the
mortgage loan that should be subject to FHA's rigorous
lender approval and oversight processes, and bear the greatest degree of responsibility and
liability for the
mortgage loan obtained
by the
mortgage borrower and insured
by FHA.»
Contracts with Fannie Mae and Freddie Mac protect a
lender against
liability for underwriting mistakes made
by the
lender of the original
mortgage if the software said YES.
His reported cases include RH Green & Silley Weir v BR (limitation period against 3rd party), de Bry v Fitzgerald (security for costs), Hartt v Newspaper Publishing (libel concerning a work
by Michelangelo), Pearson v Sanders Witherspoon (valuation of loss of chance), Siebe Gorman v Pneupac (status of consent orders), Senate Electrical v NTL (
liability of an employee for acquisition warranties) and Bendell v Smith & Others (a successful recovery action
by a
lender on a shared appreciation
mortgage equity release — the only such case to go to trial).