HUD intensified its scrutiny of FHA/VA lenders again in the third quarter when it announced that it had suspended one lender from HUD deals and taken action against 13 others identified by the Mortgagee Review Board, signaling a pursuit of HMDA compliance that might have some mortgage bankers wincing.

The 14 lenders identified by the HUD board brings the 1993 total to 139, the most settlements agreed to by HUD ever. For many bankers, the timing of the increased attention to Home Mortgage Disclosure Act data and the emergence of HUD Secretary Henry Cisneros as the champion of fair lending is no coincidence.

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