Loan repurchase requests from Fannie Mae and Freddie Mac are finally tapering off. Unfortunately for lenders, a crackdown by the Federal Housing Administration is filling the void.

In recent months the government agency has been denying claims and threatening lawsuits in unprecedented volume, lenders and their lawyers said. Though the underwriting failures and flaws it has flagged stem mostly from the bubble years, mortgage lenders are becoming skittish about making new FHA-backed loans.

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