FHA Flood Audit Exposes Lender Risk

FHA Flood Audit Exposes Lender Risk

HUD audit reveals $4.5 billion risk to lenders from flood insurance gaps  In 2020, loan servicers were exposed to $4.5 billion in risk due to lack of proper flood insurance. This, according to a HUD’s Office of Inspector General’s (OIG’s) audit of FHA-insured...