13 Jun 2025
🏠HUD's Credit Watch Termination Initiative Impacts 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 text addresses HUD's termination of Direct Endorsement (DE) approvals, impacting mortgagees' ability to underwrite FHA-insured loans. This has significant compliance and regulatory requirements for affected mortgagees, which could lead to financial setbacks. The reinstatement process also indicates potential costs for mortgagees in correcting their deficiencies.