Morgan notices a compliance issue tied to FHA loan-program requirements. What is the best next step?
Correct Answer
A) Apply HUD FHA policy before approving the loan
FHA loans are HUD-insured loans governed by FHA policy and mortgage-insurance rules. The best answer is "Apply HUD FHA policy before approving the loan".
Why This Is the Correct Answer
FHA loans are HUD-insured loans governed by FHA policy and mortgage-insurance rules. The best answer is "Apply HUD FHA policy before approving the loan".
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