Mortgagee Letter 10-03 Strengthens FHA's ability to terminate the origination and underwriting authority of DE mortgagees with excessive default and claim rates.

ML 02-20 announced a reduction in the Credit Watch threshold.

ML 01-23 eliminates placement of mortgagees on Credit Watch status.

ML 00-17 detailed procedures to request a new origination approval agreement following termination.

ML 99-15, supercedes ML 95-37, advised that FHA will be using its regulatory authority to terminate lenders' authorization to originate single family loans or, alternatively, place lenders on Credit Watch Status in geographic areas where the lender has a high rate of early defaults and claims. The placement of lenders on Credit Watch Status was subsequently eliminated per ML 01-23 and reinstated with ML 10-03.

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