On Wednesday, November 2, 2011, the Department of Housing and Urban Development (HUD) announced the immediate suspension of Allied Home Mortgage, “thereby preventing it from originating and underwriting new FHA mortgages.” Government loan insurer Ginnie Mae also suspended Allied, “which eliminated its ability to offer VA, Rural Housing Service and Office of Public and Indian Housing mortgages.”
Real Estate professionals should be aware of this development and inform clients who are relying on Allied for lending. Read more»
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