Home lenders are finding that when you write mortgages for the Federal Housing Administration, the devil is in the details.

Just ask the lender that was fined $1,000 for failing to check the credit of a homebuyer's spouse. Or the company that had to pay $3,000 because it did not verify child-support payments a loan applicant had claimed as income. Or the one that got hit with a $3,500 penalty — and six months' probation — for displaying a government seal on its Web site.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.