The Senate Appropriations Committee has asked the U.S. General Accounting Office to conduct a study of whether lenders steer homebuyers into Federal Housing Administration loans to get higher servicing fees.Part of the debate over raising the FHA loan limit has focused on the steering issue because FHA lenders receive higher servicing fees than conventional lenders. House and Senate appropriators have been considering proposals to cut the servicing fee on FHA loans securitized in Ginnie Mae pools. But before taking action, the Senate panel wants the GAO to conduct a study.
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