Operation Watchdog Entangles 15 FHA Lenders

Gains on sales of FHA multifamily loans in the first quarter of 2019 were $55 thousand versus $48 thousand in the first quarter of 2018. Ms. Riel added, “In all three of these business units, we have.

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Operation Watchdog Entangles 15 FHA Lenders Last year, HUD’s Office of Inspector General ("OIG") initiated "Operation Watchdog" to review the underwriting of 15 FHA direct endorsement lenders with high default and claim rates. It recommended.

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All but one of the 20 loans underwrittern by Federal Housing Administration (FHA) direct endorser Alethes LLC and reviewed by the Department of Housing and Urban Development’s Office of Inspector General (OIG) failed to meet FHA standards, according to the OIG.. The oig audited lakeway, Texas-based Alethes as part of Operation Watchdog, an initiative to review the underwriting of 15 direct.

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