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FHA smacks Wheat Ridge lender

Thu, Jan 27, 2011

News

The Federal Housing Administration will terminate funding to Wheat Ridge-based Moncor Inc.

The Department of Housing and Urban Development monitors companies that receive federal funding, and advises the FHA to pull funding if a mortgagee’s default rate is abnormally high.

Moncor can apply for reinstatement in six months.

Find out what other companies lost federal backing here.

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