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Outdated FHA Computer System Cost Taxpayers $41 Million 

May 06, 2018By

The Federal Housing Administration’s outdated computer systems were partially to blame for nearly 10,000 improperly insured mortgages, a blunder that could end up costing $41 million in federal money. An internal investigation in March revealed that in 2016, the FHA signed off on 9,507 mortgages  — with a total balance of $1.9 billion — for borrowers […]