Introduction to Mortgage Origination Examiniations

Internal Use Only

FHA

Federal Housing Administration • Created by National Housing Act of 1934 • Part of HUD in 1965 • Provides mortgage

insurance on loans by FHA approved lenders

Internal Use Only

FTC

Federal Trade Commission • Independent federal agency created in 1914 • Dual mission • Fair Credit Reporting Act • Fair Debt Collection Practices Act • Mortgage Assistance Relief Services Rule