Compliance Corner: HUD Updates Foreclosure Brochure

All FHA-approved mortgage lenders are now required to use a new foreclosure brochure from the Department of Housing and Urban Development, and HUD has released a letter announcing the update and reviewing its proper use. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “If a membership was opened that lacks the necessary information, do we have to go through the expulsion process to close the membership?”