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Credit Watch Termination Initiative; Terminations of Direct Endorsement (DE) Approval
Plain English Summary
The Federal Housing Administration (FHA) has ended the Direct Endorsement (DE) approval for certain mortgage lenders due to performance issues. This means that these lenders can no longer approve loans without additional oversight. Agents should review the list of affected lenders and be aware that this may impact their clients' mortgage options.
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This notice advises of the cause and effect of terminations of Direct Endorsement (DE) approval taken by HUD's Federal Housing Administration (FHA) against HUD-approved mortgagees through the FHA Credit Watch Termination Initiative. This notice includes a list of mortgagees that have had their DE Approval terminated.