Schumer to FHA: Help Qualified 'Lend America' Borrowers

Sen. Charles E. Schumer, D-New York, is asking the Federal Housing Administration to “aggressively” ensure that any legitimate and qualified Lend America borrower can secure a loan after this week’s shutdown of the Long Island-based mortgage servicer. Lend America, based in Melville, N.Y., shut its doors this week after the FHA withdrew its approval, citing fraudulent lending practices.

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