Isn't there a provision in HUD docs that make mortgage providers responsible for buying back the bad paper the?

bad paper they have written? Perhaps changing the verbage in that document from ';may'; to ';must'; would make a world of difference. Also is there not a clause that states that the federal government has the authority to require that mortgage lenders do so?Isn't there a provision in HUD docs that make mortgage providers responsible for buying back the bad paper the?
There is a critical difference between the terms may and must in any statute or regulation. May is discretionary, must is mandatory. I think you have answered your own question.