FHA-insured mortgages may be under review for foreclosure process

Now, FHA insured mortgages are in process of being reviewed due to foreclosure-gate.

Washington advisory firm Patton Boggs LLP said the federal agency may "soon be taking steps to address faulty foreclosures of FHA-insured mortgages as a result of the recent foreclosure furor."

The firm said it expects the Mortgagee Review Board of the Department of Housing and Urban Development "will probably wade into the foreclosure crisis."

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