While clearly FHA has become more aggressive in rooting out FHA fraud, this Center for Public Integrity story from the WaPo HERE demonstrates that it has a way to go.
"....documents and interviews reveal that more than 34,000 home loans have been issued over the past two years by a dozen FHA-approved lenders that have employed people who were convicted of felonies, banned from the securities industry or previously worked for firms barred by the agency.
More than 3,000 of those loans, about 9 percent, were seriously delinquent or already a claim on the FHA insurance fund as of June 30. That's nearly triple the rate for all loans made by FHA lenders over the past two years...
Originally created and posted on the Oregon Housing Blog