Lennar Corp. subsidiary Eagle Home Mortgage had high FHA delinquency rate before Department of Justice subpoena – South Florida Business Journal

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However, most of the lenders with higher rates than Eagle Home Mortgage were relatively small, with less than 500 loans made over two years. Only one other lender with a higher delinquency rate than the Lennar subsidiary made more than 5,000 loans: Paramount Residential Mortgage Group, with a rate of 6.69 percent.

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Lennar’s mortgage subsidiary is under investigation by the Department of Justice over underwriting related to Federal Housing Administration loans, the major U.S. homebuilder disclosed Thursday.

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Single family fha single family servicing > Delinquent Loans. Before delinquent FHA-insured loans can be reported or viewed, the lender must use delinquent loan reporting registration to register with HUD’s Single Family Default Monitoring System (SFDMS).

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Despite Carson’s proclamations, the DOJ is apparently investigating Eagle Home Mortgage and its FHA lending process. Lennar revealed the investigation in a Securities and Exchange Commission filing.