Operation Watchdog Entangles 15 FHA Lenders

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Operation Watchdog Entangles 15 FHA Lenders HUD’s Office of the Inspector General (OIG) reviewed more than 250 loans from 15 lenders and found that nearly half of those loans did not meet the Federal Housing Administration’s (FHA) guidelines.mortgage A mortgage banking enterprise that purchases or originates mortgage loans with a definitive.

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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