HUD Terminates Direct Endorsement Approval for Tampa Mortgage Company Under Credit Watch Initiative
April 04, 2025
April 04, 2025
WASHINGTON, April 4 (TNSFR) -- The U.S. Department of Housing and Urban Development has formally terminated the Direct Endorsement (DE) approval of Residential Acceptance Corporation, a Tampa-based mortgage lender, citing loan performance deficiencies under the Federal Housing Administration's Credit Watch Termination Initiative. The notice, published April 4, 2025, in the Federal Register, outlines the regulatory basis for the termination and the conditions under which the company may appl . . .