4 Apr 2025
🏠HUD Terminates Direct Endorsement Approval for Mortgagees
Credit Watch Termination Initiative; Termination of Direct Endorsement (DE) Approval
Summary
This notice advises of the cause and effect of termination 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.
Agencies
- Housing and Urban Development Department
Business Impact
$$$ - High
The content details the termination of Direct Endorsement (DE) approval for mortgagees due to high default rates, impacting their ability to underwrite FHA-insured mortgages. This directly affects financial operations and compliance requirements for affected mortgagees, highlighting regulatory risks in the housing financing sector.