Nicolas Retsinas, assistant secretary for housing at HUD, has slammed the door on the practice of overages on FHA mortgages.

Saying he was striking a blow for fair lending, he has sent a letter to lenders saying that discriminatory charges would not be tolerated on loans insured by the Federal Housing Administration, which is part of the Department of Housing and Urban Development.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.